Is this a sign? Could China be exporting IPOs again? Loyalty Alliance Enterprise, which is in the mobile marketing space in China, is looking to raise $66 mn in a NASDAQ IPO, where it plans to trade under the symbol LAEC. The lead underwriters are Macquarie Capital and Needham & Co. At the mid-point of its pre-IPO price range, Loyalty Alliance Enterprise would attain a valuation of $195 mn.
Source: Renaissance Capital