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WF International (NASDAQ: WXM), a company specializing in HVAC systems, floor heating, and water purification solutions, has successfully completed its Initial Public Offering (IPO). The company offered 1,400,000 ordinary shares at $4.00 per share, raising total gross proceeds of $5.6 million before deducting underwriting costs and expenses.
Trading of WXM shares commenced on the Nasdaq Capital Market on April 1, 2025. The underwriters, The Benchmark Company and Axiom Capital Management, have a 30-day option to purchase an additional 210,000 shares at the offering price, representing 15% of the sold shares.
WF International , a provider of integrated electromechanical solutions specializing in HVAC, floor heating, and water purification systems, has announced the pricing of its Initial Public Offering (IPO). The company is offering 1,400,000 ordinary shares at $4.00 per share, expecting to raise gross proceeds of $5.6 million before deducting underwriting costs.
The company's shares will begin trading on the Nasdaq Capital Market on April 1, 2025, under the ticker symbol 'WXM'. Underwriters have a 45-day option to purchase up to 210,000 additional shares. The Benchmark Company and Axiom Capital Management are serving as joint book-running managers for the offering, which is expected to close on April 2, 2025.
