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TCP International withdraws $100 million IPO

By: Renaissance Capital
Posted: 11/30/2012 5:06:00 PM
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TCP International Holdings, the leading provider of compact fluorescent lamps in the US, withdrew its plans for an initial public offering on Friday. The Shanghai, China-based company was founded in 1993 and booked $281 million in sales for the 12 months ended 12/31/2011. Jefferies & Co., Citi, and Piper Jaffray were set to be the joint bookrunners on the deal.