Recent initial public offerings in the Investment Brokerages IPOs category.
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Slide #1. Yintech Investment Holdings Limited — Initial Public Offering
Yintech Investment Holdings Limited
Price Per Share:
Yintech Investment Holdings Limited (NASDAQ:YIN) ("Yintech" or the "Company"), the largest online provider of spot commodity trading services in China by customer trading volume in both 2014 and 2015, today announced that it has priced its initial public offering of 7,500,000 American depositary shares ("ADSs") at US$13.50 per ADS for a total offering size of approximately US$101.3 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. Each ADS represents 20 ordinary shares of the Company. The ADSs will begin trading on the NASDAQ Global Select Market today under the ticker symbol "YIN." The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,125,000 additional ADSs.