Decent Holding said Wednesday it priced an initial public offering of 1.3 million shares at $4 per share for gross proceeds of $5 million.
The China-based wastewater treatment services provider said it will list its shares on Nasdaq under the ticker 'DXST,' with trading set to begin Wednesday.
Proceeds from the IPO, expected to close on Thursday, will fund business expansion, research and development, technology upgrades, talent acquisition as well as help promote river water quality management services, the company said.
Decent Holding also granted underwriters an option to purchase up to 187,500 additional shares to cover any over-allotments.
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