Chinese car and auto part retailer Autozi Internet Technology slashes deal size by 75% ahead of $6 million US IPO
Autozi Internet Technology, which sells parallel import cars and auto parts in China, revised the terms for its upcoming IPO on Thursday. The Beijing, China-based company now plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $5. At the midpoint, it would command a market value of $467 million. The IPO float is now just 1.2% of basic shares...read more
