Tian Ruixiang Holdings Ltd

Tian Ruixiang Holdings Ltd (TIRX) priced its initial public offering on Jan 27, 2021 at $4.00 per share, within its $4.00–$4.50 range, raising $708K, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $27M. Hunter Taubman Fischer & Li, Harneys and Beijing Jingshi Law Firm advised the company and VCL Law advised the underwriters.

Tian Ruixiang Holdings Ltd is an insurance broker operating in China through its variable interest entity and subsidiaries. It distributes property and casualty and life insurance products underwritten by Chinese insurers, earns commissions from them, and does not assume underwriting risk.

Status

IPO

Ticker

TIRX

Exchange

Nasdaq Global Market

Priced

Jan 27, 2021

IPO price

$4.00

Price range

$4.00–$4.50

Raised

$708K

Market cap at IPO price

$27M

First filed

Dec 27, 2019

Company counsel

Hunter Taubman Fischer & Li, Harneys and Beijing Jingshi Law Firm

Underwriters' counsel

VCL Law

Sector

Financials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.