Shineco (TYHT) Prices 1.71M Common Stock IPO at $4.50/Share, at Lower-End of Expected Range
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Shineco, Inc. Announces Pricing of Initial Public Offering
September 26, 2016 7:00 AM EDTBEIJING, Sept. 26, 2016 /PRNewswire/ -- Shineco, Inc. ("Shineco" or the "Company"), a producer and distributor of Chinese herbal medicines, organic agricultural produce, specialized textiles, and other health and well-being focused plant-based products in China, today announced the pricing of its initial public offering (IPO") of 1,713,190 common shares at a price of $4.50 per share. Shineco's common shares are expected to begin trading on the NASDAQ Capital Market on September 28, 2016 under the symbol "TYHT".
Network 1 Financial Securities, Inc. acted as Underwriter for the offering. Monarch Bay Securities, LLC participated as a Selected Dealer.
Shineco's registration... More
