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TuanChe Priced, Nasdaq: TC

Organizes auto shows in China.

Industry: Communication Services

First Day Return: +0.4%

Industry: Communication Services

We are a leading omni-channel automotive marketplace in China, ranking third in terms of both volume and GMV of new automobiles sold in 2017, according to iResearch. We provide a scalable omni-channel automotive marketplace approach to automobile marketing and distribution. We offer marketing solutions by integrating our online platform and offline sales events. In 2016, 2017, and the six months ended June 30, 2017 and 2018, we hosted 26, 304, 90, and 315 auto shows across 18, 75, 35, and 119 cities in China, facilitating the transactions of over 13,000, over 193,000, and nearly 148,000 automobiles, respectively. Our auto shows offered a total of 727, 11,046, 3,325, and 11,165 booth spaces in 2016, 2017, and the six months ended June 30, 2017 and 2018, respectively. In 2017 and the six months ended June 30, 2017 and 2018, the GMV of automobile sales transactions we facilitated through our auto shows reached approximately RMB30.0 billion (US$4.5 billion), RMB8.0 billion, and RMB21.4 billion (US$3.2 billion).
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IPO Data
IPO File Date 10/23/2018
Offer Price $7.80
Price Range $7.50 - $9.50
Offer Shares (mm) 2.6
Deal Size ($mm) $20
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/19/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $20
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Beijing, China
Founded 2010
Employees at IPO 679
Website tuanche.com

TuanChe (TC) Performance