DSC Prices $51 Million IPO

MT Newswires Live

06/25

DSC (DSC) priced an initial public offering of 3 million American depositary shares at $17 each, for a total offering size of about $51 million, the company said Thursday.

Each ADS represents 20 ordinary shares and is expected to begin trading Thursday on Nasdaq under the ticker symbol "DSC," the company said.

The offering is expected to close on Friday.

In addition, the company has granted underwriters a 30-day option to purchase up to 450,000 additional ADSs, the company said.

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