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Chinese fund manager Cornerstone Management files for US$70M US IPO

Chinese private equity fund manager Cornerstone Management Inc. has filed for an IPO with the U.S. Securities and Exchange Commission to raise up to US$70 million.

The pricing of the offer was not disclosed.

The company plans to list on the Nasdaq capital market under the ticker symbol CSCA.

Cornerstone Management was founded in August 2015 and focuses on China-based companies that are publicly listed or seeking to list in the U.S.

ViewTrade Securities Inc. is the sole underwriter for the offer.