DSC Holdings, also known as Dasouche, provides software and transaction services for used-car dealers in China. Backed by Ant Group, it seeks up to US$54 million in a Nasdaq initial public offering that could value it at up to US$901 million.

The company plans to sell 3 million American depositary shares at US$16 to US$18 each. API (Hong Kong) Investment, a wholly owned Ant Group unit, has indicated interest in buying up to US$30 million of shares.

DSC said it provides an AI-driven platform for used-car dealers.

The platform combines operating software with transaction services such as auctions, inspection and certification, title transfer, warehousing, and logistics. It also serves automakers.

🔗 Source: Reuters