DES MOINES, Iowa (AP) — Chinese cell telephone application provider Trunkbow International Holdings Ltd. said Friday it hopes to raise $125.5 million in an initial public offering.
The Beijing-based company detailed Friday in a regulatory filing that it intends to offer 16.1 million shares of stock. The shares were not priced in the initial filing.
The company was founded in 2001 by former Silicon Valley engineers, including its board chairman Hou WanChun, 44, who owns 26 percent of the company and controls another 26 percent of shares held by an investment firm.
Trunkbow lists 493 owners of common stock. It has 32.5 million shares outstanding as of Oct. 14.
San …
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