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WF Holding , a Malaysia-based manufacturer of fiberglass reinforced plastic (FRP) products, has successfully completed its Initial Public Offering (IPO) on the Nasdaq Capital Market under the symbol WFF.
The company offered 2,000,000 ordinary shares at $4.00 per share, raising $8 million in gross proceeds before deducting underwriting discounts and expenses. Trading commenced on March 27, 2025, with underwriters having a 45-day option to purchase an additional 300,000 shares.
The net proceeds will be allocated towards expanding production capacity, hiring and training staff, working capital, and general corporate purposes. Dominari Securities led the underwriting, with Revere Securities as co-underwriter.
WF Holding, a Malaysia-based manufacturer of fiberglass reinforced plastic (FRP) products, has announced the pricing of its Initial Public Offering (IPO) on the Nasdaq Capital Market. The company will offer 2,000,000 ordinary shares at US$4.00 per share, trading under the symbol 'WFF' starting March 27, 2025.
The IPO is expected to raise US$8 million in gross proceeds before deducting underwriting discounts and expenses. The underwriters have a 45-day option to purchase an additional 300,000 shares. The offering, conducted on a firm commitment basis, is expected to close around March 28, 2025.
Proceeds will be used for expanding production capacity, hiring and training staff, working capital, and general corporate purposes. Dominari Securities is leading the underwriting, with Revere Securities as co-underwriter.
