Chinese car dealership software provider, Dasouche, applies for listing in the United States, planning to raise $50 million.

According to the Wise Finance APP, Chinese-based automotive dealer digital software provider DSC Holdings submitted a filing to the U.S. Securities and Exchange Commission (SEC) on Tuesday, planning to raise up to $50 million through an initial public offering (IPO). The company plans to list on the Nasdaq but has not yet determined the stock symbol.