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China baker with Madison Avenue dreams serves up New York IPO

Western China-based Chanson International will use proceeds from its IPO to expand its fledgling chain of U.S. cafes to about a dozen over the next year

This article only represents the author's own views.

What do the city of Urumqi, sleepy capital of Western China’s Xinjiang region, and New York’s splashy Madison Avenue have in common?

Not much, at least until this week, when the unlikely pair of cities were joined through an IPO by Chanson International Holding (CHSN.US), whose origins lie in Urumqi despite its French sounding name and Big Apple fixation. The company raised a relatively modest $13.6 million in its listing by selling 3.4 million shares for $4 each, representing the lower end of its $4 to $6 price range.

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咏竹坊

咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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