TIAN RUIXIANG Holdings Ltd Announces Closing of Initial Public Offering News provided by Share this article Share this article BEIJING, Feb. 1, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (the "Company"), a China-based insurance broker, today announced the closing of its initial public offering ("Offering") of 3,000,000 Class A ordinary shares at a public offering price of US$ 4 per share. The Company received aggregate gross proceeds of US$ 12 million from this Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 Class A ordinary shares at the public offering price.