Triangle IPO underway
Triangle Tire’s initial public offering (IPO) got underway as planned on 9 September with the company becoming a public traded entity on the Shanghai Stock Exchange. The listing became active 10 September 2016 following approval by the China Securities Regulatory Commission (CSRC) on 19 August 2016.
According to the company, the IPO is expected to raise approximately US$662 million. Triangle Tire USA, which is led by CEO Manny Cicero, opened its US headquarters in Franklin, Tennessee, earlier this year.