China car group buying platform raises $20m in US IPO
Tuanche, a VC-backed Chinese online auto services platform that specializes in group buying, raised $20.3 million in its US IPO after pricing its shares towards the low end of the indicative range.
The company – which counts K2 Ventures, Highland Capital Partners, and Bertelsmann Asia Investments (BAI) – among its investors, sold 2.6 million American Depository Shares (ADS) for $7.80 apiece,...
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