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Chinese B2B e-commerce platform ICZoom files for $25M US IPO

News Snapshot:

ICZoom Group ( IZM ), which operates a B2B ecommerce platform in China for electronic component products, has filed to raise approximately $25M through a US initial public offering. ICZoom, a holding company based in the Cayman Islands that operates in China through subsidiaries, plans to offer 4.4M shares at between $5 to $6 per share. The deal is expected to raise net proceeds of $22.6M, based on an IPO price of $5.70 per share. The company has filed to list its shares on Nasdaq under the symbol IZM. Prime Number Capital and Shengang Securities are serving as lead bookrunners….

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