financetom
World
financetom
/
World
/
China's DSC Holdings seeks up to $62 million in Nasdaq share sale
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
PRECIOUS-Gold slips as investors turn cautious ahead of Fed meeting
PRECIOUS-Gold slips as investors turn cautious ahead of Fed meeting
Mar 10, 2026
* Silver hit a record high of $58.98/oz on Wednesday * US private payrolls fell by 32,000 jobs data on Wednesday showed * Investors price in 89% of a rate cut in December - CME FedWatch (Updates prices for Asia session close) By Ishaan Arora and Sherin Elizabeth Varghese Dec 4 (Reuters) - Gold dipped on Thursday as investors booked...
Global shares and dollar higher as markets eye Fed rate cuts
Global shares and dollar higher as markets eye Fed rate cuts
Mar 10, 2026
NEW YORK/LONDON, Dec 4 (Reuters) - Global shares and the dollar on Thursday were mostly higher as traders await a Fed interest rate cut, although Wall Street stocks were mostly flat after a batch of economic data. U.S. stocks were lower after two consecutive sessions of gains, with the benchmark S&P 500 falling in choppy trading. Consumer staples, healthcare, and...
CANADA STOCKS-TSX rises to record high as bank earnings beat estimates
CANADA STOCKS-TSX rises to record high as bank earnings beat estimates
Mar 10, 2026
* TSX ends up 1% at 31,477.57 * Eclipses Friday's record closing high * CIBC shares rise 4.1% after earnings beat * Shares of Decartes jump 14.4% (Updates at market close) By Fergal Smith Dec 4 (Reuters) - Canada's main stock index rose to a record high on Thursday as stronger-than-expected bank earnings boosted financial shares and investors bet on...
TSX Closer: Sets Fresh Record Close On Improved Commodity Prices and Optimism Around Economy
TSX Closer: Sets Fresh Record Close On Improved Commodity Prices and Optimism Around Economy
Mar 10, 2026
04:22 PM EST, 12/04/2025 (MT Newswires) -- The Toronto Stock Exchange, on Thursday set its first record close since last Friday with investors buoyed by fiscal fourth-quarter earnings from the six big banks, improving commodity prices and a growing belief that the Canadian economy is holding up pretty well overall in the face of U.S. tariffs heading in to 2026....
Copyright 2023-2026 - www.financetom.com All Rights Reserved