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Lichen China Ltd Prices IPO at $4.00 Per Share (LICN)

September 9, 2022
Source: rivertonroll.com rivertonroll.com
News Snapshot:
Lichen China Ltd (LICN) expects to raise $25 million in an initial public offering (IPO) on the week of September 12th, IPO Scoop reports. The company will be issuing 6,250,000 shares at a price of $4.00 per share. In the last twelve months, Lichen China Ltd generated $34.3 million in revenue and $8.5 million in net income. The company has a market-cap of $79 million. Lichen China Ltd. provided the following description of their company for its IPO: “We are a leading financial and taxation service provider in China in terms of revenue, according to the industry report of Frost...
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