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Wellchange Holdings Company (Nasdaq: WCT), a Hong Kong-based enterprise software solution services provider, announced the full exercise of the underwriters' over-allotment option for its initial public offering. This resulted in the sale of an additional 165,000 ordinary shares at US$4.00 per share, generating extra gross proceeds of $660,000. The total offering now comprises 1,265,000 ordinary shares with gross proceeds of approximately $5.06 million.
The company began trading on the Nasdaq Capital Market on October 2, 2024, under the ticker symbol "WCT". Proceeds will be used for enhancing service capacity, marketing efforts, international expansion, and general working capital. Dominari Securities is the lead underwriter, with Revere Securities as co-underwriter.
Wellchange Holdings Company (Nasdaq: WCT) has announced the closing of its initial public offering (IPO) of 2,000,000 ordinary shares at US$4.00 per share. The company offered 1,100,000 shares, while a selling shareholder offered 900,000 shares. Trading began on the Nasdaq Capital Market on October 2, 2024, under the ticker symbol 'WCT'.
Wellchange received gross proceeds of US$4.4 million from the sale of its shares, before deducting underwriting discounts and expenses. The company plans to use the net proceeds for enhancing service capacity, marketing efforts, international expansion, and general working capital. Dominari Securities acted as the lead underwriter, with Revere Securities as co-underwriter.
Wellchange Holdings Company , a Hong Kong-based enterprise software solution services provider, has announced the pricing of its initial public offering (IPO). The company is offering 2,000,000 ordinary shares at a public offering price of US$4.00 per share. Of these, 1,100,000 shares are being offered by the company and 900,000 by a selling shareholder. The shares are expected to begin trading on the Nasdaq Capital Market on October 2, 2024, under the ticker symbol 'WCT'.
Wellchange anticipates receiving gross proceeds of US$4.4 million from the sale of its shares, before deducting underwriting discounts and related expenses. The company has also granted underwriters a 45-day option to purchase up to an additional 165,000 ordinary shares. The IPO is expected to close around October 3, 2024, subject to customary closing conditions.