Welcome to our dedicated page for XCHG American Depositary Share news (Ticker: XCH), a resource for investors and traders seeking the latest updates and insights on XCHG American Depositary Share stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect XCHG American Depositary Share's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of XCHG American Depositary Share's position in the market.
XCHG (NASDAQ: XCH), a global leader in integrated EV charging solutions, has announced the partial exercise of the over-allotment option in its initial public offering (IPO). The underwriter, US Tiger Securities, Inc., has purchased an additional 128,888 American Depositary Shares (ADSs) at the IPO price of $6.20 per ADS. Each ADS represents 40 Class A ordinary shares of the Company.
The total gross proceeds from the offering, including funds from the prior closing and this option exercise, amount to approximately $21.5 million, before deducting underwriting discounts, commissions, and other offering expenses. A registration statement for the offered securities has been filed with and declared effective by the SEC.
XCharge North America has launched GridLink, a new DC fast charging solution designed for the North American grid. GridLink offers:
- Up to 300 kW charging power, enabling EV charging in about 15 minutes
- Integrated battery system with bidirectional technology for enhanced energy management
- In-house developed LFP batteries with 215-430 kWh capacity
- Compatibility with 208V and 480V electrical systems for flexible installation
- Advanced safety features including fire suppression and smoke detection
- Grid support capabilities, including bidirectional energy flow and renewable energy integration
The solution aims to address North American grid needs, improve charging accessibility, and support grid stability as EV adoption increases.
XCharge (NASDAQ: XCH), a global leader in integrated EV charging solutions, has successfully completed its initial public offering on Nasdaq. Founded in 2015, XCharge focuses on innovative new energy technologies and sustainable development. The company offers comprehensive EV charging solutions, including DC fast chargers and advanced battery-integrated DC fast chargers.
XCharge has developed one of the world's first two-way energy storage charging piles, the Net Zero Series, which has been commercialized in Europe, North America, and Asia. According to Frost & Sullivan, XCharge was one of Europe's leading suppliers of high-power charging solutions in terms of sales volume in 2023. The company aims to provide global optimization solutions and develop market-specific products to offer net zero and affordable solutions worldwide.
XCHG , a global leader in integrated EV charging solutions, has announced the pricing of its initial public offering (IPO) on the Nasdaq Global Market. The company is offering 3,333,335 American Depositary Shares (ADSs) at US$6.2 per ADS, raising approximately US$20.7 million. Each ADS represents 40 Class A ordinary shares of XCHG The ADSs are expected to begin trading under the ticker symbol 'XCH' on September 10, 2024, with the offering closing on September 11, 2024. US Tiger Securities, Inc. is the sole underwriter and has been granted an option to purchase up to 500,000 additional ADSs within 30 days. The IPO marks a significant milestone for XCHG as it enters the public market.
FAQ
What is the current stock price of XCHG American Depositary Share (XCH)?
What is the market cap of XCHG American Depositary Share (XCH)?
