XCHG IPO Underwriter Partially Exercises Overallotment Option

MT Newswires Live

2024/10/11

XCHG (XCH) said Friday that the underwriter of its initial public offering has partially exercised its option to buy an additional 128,888 American Depositary Shares at the IPO price of $6.20 apiece. Each ADS represents 40 Class A shares.

The EV charging solutions company said total gross proceeds from the offering are about $21.5 million, including funds received from the prior closing and exercise of the option. US Tiger Securities was the underwriter for the offering.

Shares of the company were down about 4% in recent trading.

Price: 12.50, Change: -0.52, Percent Change: -3.99

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US Tiger Securities was the underwriter for the offering.</p><p>Shares of the company were down about 4% in recent trading.</p><p>Price: 12.50, Change: -0.52, Percent Change: -3.99</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XCH","symbol_name":"XCHG Limited","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2474097281","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474097281","pubTimestamp":1728656320,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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