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China Information Security Technology, Inc. (CIFS) Prices 2M Share IPO at $10/Sh

July 28, 2017 5:19 PM EDT

China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS), a provider of financial advisory services to the underserved small-to-medium sized enterprises in China, today announced the pricing and closing of its initial public offering ("IPO") of 2,023,146 of its ordinary shares at a price to the public of $10.00 per share for a total of $20,231,460 before underwriting discounts and commissions and offering expenses. The shares are expected to begin trading on NASDAQ Global Market on August 8, 2017 under the symbol "CIFS."

Boustead Securities, LLC acted as Lead Underwriter for the offering. Network 1 Financial Securities, Inc. participated as a Selected Dealer.

A registration statement relating to these securities was filed with the Securities and Exchange Commission (the "SEC") and was declared effective on May 22, 2017. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any state or jurisdiction.



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