Renaissance Capital logo

Chinese Kingtone Wirelessinfo Solution Holding files for $30 million IPO

April 13, 2010

Kingtone Wirelessinfo Solution Holding, which offers mobile enterprise solutions to business and government agencies in China, filed on Tuesday with the SEC to raise up to $30 million in an initial public offering. The Shaanxi Province-based company, which was founded in 2001 and booked $11 million in sales for the 12 months ended November 2009, plans to list on the NASDAQ under the symbol KONE. Roth Capital is the lead underwriter on the deal. No pricing terms were disclosed.