LGCL News

Two small Asian issuers went public in the US this past week, while some scheduled deals delayed. The biggest news came on Friday, with chipmaker Astera Labs (ALAB) launching its $507 million IPO. The deal is expected to price week after next. Social media platform Reddit (RDDT) also grabbed headlines on Friday, as it reportedly plans to...read more

Lucas GC, which provides online recruiting and outsourcing services in China, raised $6 million by offering 1.5 million shares at $4, the low end of the range of $4 to $6. The company offered 0.25 million more shares than anticipated. The IPO float is just 1.8% of basic shares outstanding. Initially focused as a recruitment assistance company, Lucas GC has since expanded to offer...read more

Lucas GC, which provides online recruiting and outsourcing services in China, lowered the proposed deal size for its upcoming IPO on Thursday. The Beijing, China-based company now plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $6. The company had previously filed to offer 3.1 million shares at a range of $6 to $7. At the midpoint of the revised...read more

Lucas GC, which provides online recruiting and outsourcing services in China, raised the proposed deal size for its upcoming IPO on Wednesday. In its latest filing, the company also replaced joint bookrunners The Benchmark Company and Valuable Capital with Prime Number Capital, and disclosed financials for the year ended December 31, 2022. The Beijing, China-based company now plans...read more