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.