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China's DSC Holdings seeks up to $62 million in Nasdaq share sale
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China's DSC Holdings seeks up to $62 million in Nasdaq share sale
Jun 17, 2026 9:04 PM

By Yantoultra Ngui

SINGAPORE, June 18 (Reuters) - DSC Holdings, a Chinese

company that provides operating systems and transaction services

for used car dealers, is seeking to raise up to $62 million in a

share sale on the Nasdaq, according to a deal sheet.

DSC received rare approval from China's securities regulator

for a Nasdaq listing, Reuters reported in April, saying it was

the regulator's first nod to a U.S. listing application in four

months and only its third in the preceding 12 months.

DSC, also known as DaSouChe, has raised about $1.2 billion

from investors including Ant Group, Warburg Pincus, Primavera

and 5Y Capital, according to its official website. DSC did not

immediately respond to an emailed request for comment.

Here are more details from the sheet:

* The company is offering 3 million shares at $16 to $18

each, which would raise up to $54 million before the

overallotment option. The deal could rise to $62 million if

underwriters buy another 450,000 shares.

* DSC plans to use the proceeds to expand services for auto

merchants, invest in technology and fund working capital.

* Pricing is expected on June 24.

* CICC, Deutsche Bank, China Renaissance and ICBCI are joint

bookrunners.

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