Trunkbow Prices Downsized IPO

SA Editor Mohit Manghnani submits:

Trunkbow International (TBOW), a China-based provider of Mobile Value Added Solutions, priced its IPO on February 2nd, after downsizing to $5 per share, giving first-day negative return of 5.2%.

Business Overview (from prospectus)

We are an innovative mobile application enabler, offering telecom operators in the PRC application platforms on which to offer Mobile Value Added Solutions (MVAS) to their subscribers. We sell our technology products primarily to companies who resell them to the three large telecom operators in the PRC, enabling the telecom operators to offer their subscribers access to


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