LED light enterprise TCP applied for IPO to raise 100 million US dollars

According to the Nasdaq official website, global LED lights and energy-saving lamp manufacturers TCP International Holdings submitted an IPO application to the US Securities and Exchange Commission (SEC) on Wednesday, plans to raise 100 million US dollars. The company filed the same application as an overseas company headquartered in Shanghai in March 2012, when the lead underwriters were Jefferies, Citigroup and PiperJaffray. After two years, the lead underwriter of this financing will be Deutsche Bank and PiperJaffray co-chaired. At present, the company headquarters has moved to Cham, Switzerland. It is understood that TCP was founded in 1993. As of March 31, 2014, the company recorded sales of US$440 million in the past 12 months and plans to list on NASDAQ in the US under the ticker symbol TCPI. So far, the company has not disclosed its share price.

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