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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.