Chinese second-hand car dealer solutions provider Dasouche (DSC.US) went public in the United States, with an IPO price of $17. On the first day of trading, the stock price plummeted by 46.71%.

According to the information from the Wise Finance APP, Chinese used car dealer solution provider Da Sou Che (DSC.US) was listed on the NASDAQ stock exchange for trading on June 25th, Eastern Time in the US, with a 46.71% drop on the first day of listing. The company's IPO price in the US was set at $17 per share, which is the midpoint of the previously announced price range of $16 to $18. The company issued 3 million American Depositary Shares (ADS) at this price, raising a total of approximately $51 million. It is worth noting that existing shareholders have already committed to subscribe for $30 million worth of ADS, accounting for 59% of the total number of shares issued this time.