D. Boral Capital Acted as Joint Bookrunner to Wing Yip Food Holdings Group Limited (Nasdaq: WYHG) in connection with its $8.2 Million Initial Public Offering

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D. Boral Capital Acted as Joint Bookrunner to Wing Yip Food Holdings Group Limited (Nasdaq: WYHG) in connection with its $8.2 Million Initial Public Offering - Benzinga

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NEW YORK, Dec.03, 2024 (GLOBE NEWSWIRE) -- On November 27, 2024, Wing Yip Food Holdings Group Limited (the "Company" or "Wing Yip") (NASDAQ:WYHG), a meat product processing company through its operating subsidiaries in mainland China, announced the closing of its initial public offering (the "Offering") of 2,050,000 American Depositary Shares ("ADSs") at a public offering price of US$4.00 per ADS.

In addition, the Company granted the underwriters an option, exercisable within forty-five (45) days after the closing of the Offering, to purchase up to an additional 307,500 ADSs at the public offering price, less underwriting discounts.

The Company intends to use the proceeds from the Offering for (i) upgrading existing production lines and establishing new production lines; (ii) marketing and promotion of the Company's products; (iii) new product research and development; and (iv) working capital and general corporate matters.