DSC Holdings (DSC) files for proposed IPO
DSC Holdings (DSC) has filed for a proposed Nasdaq IPO.
The company describes itself as: "Our mission is to transform used car commerce through digitalization, AI applications and integrated transaction services. We are dedicated to advancing used car dealers’ workflows from offline to online, from isolated to coordinated, and from manual to AI-empowered, thereby optimizing resource allocation across the industry.
We are the AI application infrastructure for China’s used car industry, holding over 90% market share in operating systems for China’s used car dealers since at least 2021, according to CIC. Building on this digital foundation, we further support used car dealers with essential transaction services across their workflows.
Beyond used car dealers, we also work with other auto merchants, including OEMs, authorized dealers and new car brokers. Our services further engage and benefit thousands of dealers’ collaborators, such as inspectors, transporters and other internet platforms, creating an ecosystem with used car dealers at the center.
Our unwavering focus on used car dealers’ success underpins everything we do and has made us mission critical to their business."
Deutsche Bank, CICC, CR Global Markets and ICBC International will serve as underwriters.