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Webus International (NASDAQ: WETO), an AI-driven mobility solutions provider specializing in premium chauffeur services, has announced the pricing of its initial public offering (IPO). The company is offering 2,000,000 ordinary shares at $4.00 per share, aiming to raise $8 million in gross proceeds before deducting underwriting costs.
The underwriters have a 45-day option to purchase an additional 300,000 shares, potentially increasing gross proceeds to $9.2 million. Trading is expected to begin on the Nasdaq Capital Market on February 27, 2025, with the offering closing on February 28, 2025. Alexander Capital is serving as sole bookrunner, alongside Network 1 Financial Securities and R.F. Lafferty & Co. as co-underwriters.
