HYW News

In a turbulent week for the IPO market, 17 IPOs and 20 SPACs went public, and one company postponed, defense contractor Leonardo DRS (DRS). While returns cooled off, with just over half of the week’s IPOs finishing below issue, there were a few bright spots, led by biotechs Design Therapeutics (DSGN) and Ikena Oncology...read more

Hywin Holdings, which provides wealth management services in China, raised $30 million by offering 3 million ADSs at $10, the low end of the range of $10 to $12. The company offered 0.8 million fewer ADSs than anticipated. It originally planned to offer 4.2 million ADSs before lowering the offering earlier this month. Hywin states that it is the third largest third-party...read more

Hywin Holdings, which provides wealth management services in China, lowered the proposed deal size for its upcoming IPO on Wednesday. The Shanghai, China-based company now plans to raise $42 million by offering 3.8 million ADSs at a price range of $10 to $12. The company had previously filed to offer 4.2 million shares at the same range. At the midpoint, Hywin Holdings will...read more

Hywin Holdings, which provides wealth management services in China, announced terms for its IPO on Friday. The Shanghai, China-based company plans to raise $46 million by offering 4.2 million ADSs at a price range of $10 to $12. At the midpoint of the proposed range, Hywin Holdings would command a market value of $321 million. Hywin states that it is the third largest...read more