HTFL’s Client Univest Securities, LLC Successfully Closed Lichen China Limited’s Initial Public Offering of $16 Million
February 08, 2023
Lichen China Limited (the “Company”), a dedicated financial and taxation service provider in China, today announced the closing of its initial public offering (the “Offering”) of 4,000,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares began trading on the Nasdaq Capital Market on February 6, 2023 under the ticker symbol “LICN.”
The Company received aggregate gross proceeds of US$16 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 Class A ordinary shares at the public offering price, less underwriting discounts.
Univest Securities, LLC acted as the lead underwriter for the offering; AC Sunshine Securities LLC acted as co-underwriter. Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the underwriters. HTFL is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.