Wing Yip Food Holdings (WYHG) closed an initial public offering of 2.05 million American depositary shares at $4 apiece for gross proceeds of $8.2 million.
Underwriters were given an option, exercisable within 45 days after the close of the offering, to buy up to an additional 307,500 ADSs at the public offering price, less underwriting discounts, Wing Yip said Wednesday in a statement.
Each ADS represents one ordinary share. The securities started trading on Nasdaq on Tuesday.
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