Wing Yip Food Holdings Group said Monday that it priced its initial public offering of about 2.1 million American depositary shares at $4 per ADS, each of which represents one ordinary share of the company, for expected gross proceeds of $8.2 million.
The ADS have been approved for listing on the Nasdaq Capital Market and are expected to start trading this Tuesday under the ticker symbol "WYHG".
The company also granted the underwriters a 45-day option to buy up to an additional 307,500 ADS. The offering is expected to close on or about Wednesday.
The company said it plans to use the proceeds for upgrading existing production lines and establishing new production lines, marketing and promotion of its products, new product research and development, and working capital and general corporate matters.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。