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Jun 18, 2026 8:00 AM

Ant Group-Backed AI Startup Targets Over $900 Million Valuation In Nasdaq IPO

DSC Holdings, a Chinese technology company focused on AI-powered infrastructure for the used-car industry, filed for a Nasdaq listing on Wednesday that could value the company at roughly $901 million.

The Ant Group-backed company, also known as DaSouChe, said it will offer 3 million American Depositary Shares at an expected price range of $16 to $18 apiece, seeking to raise up to $54 million.

IPO Terms And Use Of Proceeds

According to a Reuters report, citing a term sheet, the offering could increase to about $62 million if underwriters exercise an option to purchase an additional 450,000 shares.

The company said it plans to use the proceeds to expand services for auto merchants, invest in technology and support working-capital needs.

Pricing is expected on June 24, while China International ...