TuanChe is a car marketplace out of China that sell vehicles by setting up auto shows.
The company plans to raise $25.5 million, with a total capitalization of $558 million.
The company's revenue for the first half of 2018 was $40.7 million, an increase of 195% compared with the first half of 2017.
The recent investment round at a price of $9.7 per share suggests that any price in the initial range from $7.5 to $9.5 looks quite attractive.
On November 22, the TuanChe IPO will take place on Nasdaq. TuanChe is a Chinese automotive marketplace that sells cars by conducting "auto shows," bringing together sellers of new vehicles, potential buyers and providers of aftermarket services.
The company plans to raise $25.5 million, with a total capitalization of $558 million. Despite the fairly high price-to-sales multiple of 8x, the company looks undervalued to peers based on forward multiples due to phenomenal revenue growth.
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