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.
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.