ZUOAN brand launches IPO on the NYSE
The latest information from Beijing Representative Office of New York Stock Exchange shows that Chinese men's casual wear clothing supplier ZUOAN launched IPO on the New York Stock Exchange on February 15, becoming the first Chinese enterprise completed IPO on the NYSE in 2011.
ZUOAN clothing company issued a total of 6 million of American depositary shares, its issue price is US $7, and the total financing comes to US $42 million. Its trading symbol is "ZA".
ZUOAN is the second Chinese apparel manufacturer who has made successful landing on the NYSE, after the list of Xi Niya Clothing Manufacturing Co., Ltd. on the NYSE two months ago.
It is learned that ZOUAN mainly commits itself to "environmental protection and low-carbon". The listing on the NYSE will help to enhance its brand awareness.
Prospectus shows that ZOUAN brand ranks the second place among casual men's clothing brands in Chinese market; its market share is 5.4 percent.
ZUOAN clothing company issued a total of 6 million of American depositary shares, its issue price is US $7, and the total financing comes to US $42 million. Its trading symbol is "ZA".
ZUOAN is the second Chinese apparel manufacturer who has made successful landing on the NYSE, after the list of Xi Niya Clothing Manufacturing Co., Ltd. on the NYSE two months ago.
It is learned that ZOUAN mainly commits itself to "environmental protection and low-carbon". The listing on the NYSE will help to enhance its brand awareness.
Prospectus shows that ZOUAN brand ranks the second place among casual men's clothing brands in Chinese market; its market share is 5.4 percent.
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