ORIS News

Oriental Rise Holdings, a vertically-integrated tea producer in China, lowered the proposed deal size for its upcoming IPO on Monday. The Ningde, China-based company now plans to raise $8 million by offering 2 million shares at $4. The company had previously filed to offer 3 million shares at the same price. At the revised terms, Oriental Rise Holdings will raise 33% less in...read more

Five companies priced IPOs this week, led by Birkenstock’s (BIRK) $1.5 billion offering. Three small issuers submitted initial filings. Birkenstock priced its IPO just below the midpoint to raise $1.5 billion at an $8.6 billion market cap, making it one of the largest consumer discretionary IPOs of the past two decades. Cornerstone...read more

Oriental Rise Holdings, a Chinese producer of tea, filed on Friday with the SEC to raise up to $16 million in an initial public offering. The Ningde, China-based company plans to raise $16 million by offering 4 million shares (25% secondary) at a proposed price of $4. At the proposed price, Oriental Rise Holdings would command a market value of $92 million. The company grows...read more

Orius Corporation, which provides installation, design and maintenance services for telecom firms, pulled its IPO Wednesday due to current market conditions. The company had filed its registration statement with the SEC in September 2000, but no further timing for the IPO had been announced by CS First Boston, the lead underwriter for this deal....read more