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WallachBeth Capital announced the closing of Trident Digital Tech Holdings 's (Nasdaq: TDTH) initial public offering. Trident, a leading digital transformation enabler for SMEs in Singapore, offered 1,800,000 American Depositary Shares (ADSs) at US$5.00 per ADS. Each ADS represents eight Class B Ordinary Shares. The company raised approximately US$9.0 million in gross proceeds before deducting expenses.
Trading of Trident's ADSs on the Nasdaq Capital Market began on September 10, 2024, under the symbol 'TDTH'. The underwriters have a 45-day option to purchase up to 270,000 additional ADSs at the initial public offering price. WallachBeth Capital acted as Lead Underwriter, with Revere Securities as Co-Manager for the offering.
Trident Digital Tech Holdings (Nasdaq: TDTH), a leading digital transformation enabler for SMEs in Singapore's e-commerce and digital optimization services market, has successfully closed its initial public offering. The company offered 1,800,000 American Depositary Shares (ADSs) at US$5.00 per ADS, with each ADS representing eight Class B Ordinary Shares. Trading on the Nasdaq Capital Market began on September 10, 2024, under the symbol 'TDTH'.
The IPO raised approximately US$9.0 million in gross proceeds, before deducting underwriting discounts, commissions, and other estimated offering expenses. Trident has also granted underwriters a 45-day option to purchase up to 270,000 additional ADSs at the initial offering price. WallachBeth Capital acted as Lead Underwriter, with Revere Securities as Co-Manager for the offering.
WallachBeth Capital announced the pricing of Trident Digital Tech Holdings 's (TDTH) initial public offering. 1,800,000 American Depositary Shares (ADSs) were priced at $5.00 per ADS, with each ADS representing eight Class B Ordinary Shares. The total offering size is approximately $9,000,000. Trading is expected to begin on the Nasdaq Capital Market on September 10, 2024, under the symbol 'TDTH'. The closing is anticipated on September 11, 2024. Underwriters have a 45-day option to purchase up to 270,000 additional ADSs. WallachBeth Capital is the Lead Underwriter, with Revere Securities as Co-Manager. The offering is made through a prospectus forming part of the effective registration statement filed with the SEC.
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