Wing Yip Food Holdings Prices $8.2 Million US IPO

MT Newswires Live

Nov 26, 2024

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2486024381"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2486024381\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2486024381?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-26 17:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486024381","market":"fut","top_or_hot":-1,"title":"Wing Yip Food Holdings Prices $8.2 Million US IPO","media":"MT Newswires Live","content":"<html><body><p> 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.</p><p>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\".</p><p>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.</p><p>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.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wing Yip Food Holdings Prices $8.2 Million US IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWing Yip Food Holdings Prices $8.2 Million US IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-11-26 17:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> 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.</p><p>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\".</p><p>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.</p><p>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.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WYHG","symbol_name":"荣业食品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2486024381","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486024381","pubTimestamp":1732614901,"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. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WYHG":"荣业食品"},"translate_title":"永业食品控股美国IPO定价820万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WYHG":0.9},"content_text":"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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}