Shineco (TYHT) IPO Opens Higher on Anemic Volume
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Shineco, Inc. Completes Initial Public Offering and Commences Trading on NASDAQ Capital Market
September 28, 2016 9:37 AM EDTBEIJING, China, Sept. 28, 2016 /PRNewswire/ --Â 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 that it completed the initial public offering ("IPO") of its common shares on September 27, 2016. The Company raised approximately $7.7 million in gross proceeds through the issuance of 1,713,190 common shares at a price of $4.50 per share. Shineco's common shares will begin trading today at approximately 10:35 AM EST on the NASDAQ Capital Market under the symbol "TYHT".
Network 1 Financial Securities, Inc. acted... More
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
