|Back to main|
China Commercial Credit decreases proposed IPO deal size to $13 million
8/1/2013 8:56:00 AM
By: Renaissance Capital
China Commercial Credit, a microcredit lender to small
businesses in the Jiangsu Province of China, lowered the proposed
deal size for its upcoming IPO on Thursday. The Wujiang,
China-based company now plans to raise $13 million by offering
1.9 million shares at a price range of $6 to $7. The company had
previously filed to offer 2.7 million shares at the same range.
At the midpoint of the revised range, China Commercial Credit
would raise 29% fewer proceeds than previously anticipated.