DaSouChe Files for U.S. IPO, Aims to Raise Up to $54 Million at $901 Million Valuation

Chinese auto dealership platform DSC Motor plans to launch its initial public offering (IPO) in the United States, targeting a valuation of $901 million. The company intends to offer 3 million American Depositary Shares (ADSs) at a price range of $16 to $18 per share, aiming to raise up to $54 million. Founded in 2012 by Yao Junhong, DSC Motor primarily provides an operating system for used-car dealers in China and offers software and transaction services to dealers and other automotive businesses. According to CIC data, the company holds over 90% market share in China’s used-car dealership platform sector. Its investors include Venture5, Primavera Capital Group, and Ant Group. API (Hong Kong) Investment, a wholly owned subsidiary of Ant Group, has committed to purchasing up to $30 million worth of DSC Motor shares in the IPO.