Ingenious Buddy
Chinese language toner cartridge maker Planet Picture (YIBO) has up to date phrases for a proposed $18M US preliminary public providing.
Planet Picture mentioned in a submitting that it’s now considering providing 4M shares priced between $4 and $5, which might increase $18M if priced on the midpoint.
The corporate hopes to checklist its shares on Nasdaq underneath the image YIBO. US Tiger Securities is serving as lead bookrunner.
Included within the Cayman Islands, Planet Picture operates by subsidiaries, with the majority of its operations situated in China. The corporate is without doubt one of the world’s largest producers of suitable toner cartridges for printers.
Planet Picture has been worthwhile. For 2022, the corporate reported internet earnings of $7M on income of $142M, based on the submitting.
The corporate initially filed for the IPO in March, looking for to lift round $27M.
Extra on Chinese language IPOs:
Hong Kong PR agency Clever Group recordsdata for $15M US IPO
Hong Kong brokerage Solowin units phrases for proposed $15M US IPO
China’s Lemeng upsizes proposed US IPO to $20M, units phrases
