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NETCLASS TECHNOLOGY, a B2B smart education IT solutions provider, has successfully completed its initial public offering (IPO) of 1,800,000 Class A ordinary shares at $5.00 per share, raising $9 million in gross proceeds. The company's shares began trading on the Nasdaq Capital Market under the symbol NTCL on December 13, 2024.
The underwriters have a 45-day option to purchase up to 270,000 additional shares. Proceeds will fund courseware and online technology platform development, expansion of services, marketing, and working capital. Newbridge Securities and Revere Securities acted as underwriters for the offering.
NETCLASS TECHNOLOGY, a B2B smart education IT solutions provider, announced the pricing of its initial public offering of 1,800,000 Class A ordinary shares at $5.00 per share, raising $9,000,000 in gross proceeds. The shares will trade on the Nasdaq Capital Market under symbol NTCL starting December 13, 2024.
The company granted underwriters a 45-day option to purchase up to 270,000 additional shares. Proceeds will fund courseware and online platform development, expansion of services, marketing, and working capital. The offering is expected to close around December 16, 2024, with Newbridge Securities and Revere Securities acting as underwriters.
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