smallcap-chinese-chemical-company-seeks-us-listing

Small-cap Chinese chemical company seeks US listing

Chemspec and pre-IPO investors aim to raise a combined $73 million from an offering that closes this week.

While the US stockmarket appears to have run out of steam over the past three weeks after rallying 34% since early March, Chemspec International will be hoping that some of the investor cash that is arguably still waiting to be put back into equities will find its way into its initial public offering this week. The company is aiming to raise between $56.6 million and $72.8 million, although approximately 22% of that will go to a group of existing investors who will be selling a portion of their holdings as part of the IPO.

Aside from the fact that the offering comes with the customary IPO discount -- giving investors the potential for a...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222