Stock Track | Decent Holding Inc. Soars 6.25% in Trading Debut After Pricing IPO at $4 per Share

Stock Track

01-23

Shares of Decent Holding Inc., a China-based wastewater treatment services provider, surged 6.25% in intraday trading on Wednesday, marking a strong debut for the company's initial public offering (IPO) on the Nasdaq stock exchange.

Decent Holding priced its IPO of 1.3 million shares at $4 apiece, raising gross proceeds of $5 million. The stock began trading on the Nasdaq under the ticker symbol "DXST" on Wednesday.

The company said it plans to use the net proceeds from the IPO for business expansion, research and development, promoting its river water quality management services, upgrading wastewater treatment technology, and acquiring talent in research, development, and management roles.

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