IPO Watch: Loyalty Alliance Enterprise, iWatt Monday, June 4, 3:28 PM ET
Chinese mobile direct marketing company Loyalty Alliance Enterprise Corporation (LAEC) is the only company scheduled to make a initial public offering for the week of June 4, 2012. The company plans to sell 5.1 million American Depository Shares in a range of $12 to $14 to be traded on the NASDAQ exchange. The lead underwriters are Macquarie Capital and Needham & Company.
iWatt, a maker of power management chips used in Apple (NASDAQ:AAPL) hardware, filed with the SEC on June 4, 2012 that it plans to raise up to $75 million in an initial public offering of its common stock. The company plans to list its shares on the NASDAQ under the symbol IWATT.
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