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Anbio Biotechnology has successfully completed its Initial Public Offering (IPO) on the Nasdaq Global Market under the ticker symbol 'NNNN'. The company offered 1,600,000 Class A ordinary shares at $5.00 per share, raising gross proceeds of $8 million before deducting underwriting discounts and related expenses.
Trading commenced on February 19, 2025. The proceeds will be used for expanding sales and distribution networks in strategic markets, research and development initiatives, and working capital purposes. AC Sunshine Securities served as the underwriter for this firm commitment offering.
The IPO was supported by a Form F-1 registration statement filed with the SEC, which became effective on February 18, 2025. Ortoli Rosenstadt LLP and Focus Law served as legal counsel to the company and underwriter, respectively.
Anbio Biotechnology, a global diagnostic company focused on medical technology and in vitro diagnostics, has announced the pricing of its Initial Public Offering (IPO). The company is offering 1,600,000 Class A ordinary shares at $5.00 per share, expecting to raise gross proceeds of $8 million.
Trading is set to commence on February 19, 2025, on the Nasdaq Global Market under the ticker symbol NNNN. The offering is expected to close around February 20, 2025. AC Sunshine Securities is serving as the underwriter for this firm commitment offering.
The proceeds will be allocated towards expanding sales and distribution networks in strategic markets, research and development initiatives, and general working capital purposes.
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