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Jinxin Technology Holding Company (NAMI) has successfully completed its Initial Public Offering (IPO) on Nasdaq, raising $5 million through the sale of 1,250,000 American Depositary Shares (ADSs) at $4.00 per ADS. Each ADS represents eighteen ordinary shares of the company. Trading commenced on December 06, 2024, under the ticker symbol 'NAMI'. The company, a digital content service provider in China, granted underwriters a 60-day option to purchase up to an additional 187,500 ADSs at the initial offering price. WestPark Capital served as the Bookrunner for the offering.
Jinxin Technology Holding Company (Nasdaq: NAMI) has successfully closed its initial public offering of 1,250,000 American Depositary Shares (ADSs) at $4.00 per ADS, raising gross proceeds of $5 million. Each ADS represents eighteen ordinary shares, and trading began on December 06, 2024. The company granted underwriters a 60-day option to purchase up to 187,500 additional ADSs.
The proceeds will fund product and content development, sales and marketing initiatives, recruitment, and general corporate purposes, including potential strategic investments. The IPO was led by Craft Capital Management and WestPark Capital, Inc. as representatives, with R. F. Lafferty & Co., Inc. acting as underwriter.
Deutsche Bank has been appointed as the depositary bank for the NASDAQ-listed American Depositary Receipt (ADR) program of Jinxin Technology Holding Company (NASDAQ: NAMI). Jinxin Technology is a Chinese digital content service provider specializing in AI/AR/VR/digital human technologies, focusing on K-9 educational content. The Level III ADR program has a ratio of 1 ADS to 18 ordinary shares, with Deutsche Bank AG's Hong Kong Branch serving as the custodian bank. The program became effective on December 9, 2024, trading under the symbol NAMI with CUSIP 47760D 102.
Jinxin Technology Holding Company, a Chinese digital content service provider, has announced the pricing of its initial public offering (IPO) of 1,250,000 American Depositary Shares (ADSs) at $4.00 per ADS. Each ADS represents 18 ordinary shares. The company expects to raise $5 million in gross proceeds and will trade on Nasdaq under symbol NAMI starting December 06, 2024.
The underwriters have a 60-day option to purchase up to 187,500 additional ADSs. Proceeds will fund product development, marketing, recruitment, and potential strategic investments. The offering is expected to close around December 09, 2024, with Craft Capital Management and WestPark Capital, Inc. acting as representatives.
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