TIAN RUIXIANG Holding (TIRX) IPO Opens 311% Higher

Today's IPO for TIAN RUIXIANG Holdings Ltd (NASDAQ: TIRX), a China-based insurance broker, opened for trading at $16.45 after pricing 3,000,000 Class A ordinary shares at a public offering price of US$4 per share.

The Offering is being conducted on a firm commitment basis. Network 1 Financial Securities, Inc. is acting as the underwriter for the Offering. Hunter Taubman Fischer & Li LLC acted as counsel to the Company, and VCL Law LLP acted as counsel to Network 1 Financial Securities, Inc. in connection with the Offering.

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