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XCHG Limited Announces Pricing of Initial Public Offering

Benzinga LogoBenzinga16h ago

XCHG Limited Announces Pricing of Initial Public Offering - Benzinga

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HAMBURG, Germany, Sept.10, 2024 (GLOBE NEWSWIRE) -- XCHG Limited ("XCharge" or the "Company") (NASDAQ:XCH), a global leader in integrated EV charging solutions, today announced the pricing of its initial public offering of 3,333,335 American Depositary Shares ("ADSs"), at US$6.2 per ADS, for a total offering size of approximately US$20.7 million, assuming the underwriter does not exercise its over-allotment option to purchase additional ADSs.

In addition, the Company has granted the underwriter an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 500,000 additional ADSs at the initial public offering price.

The ADSs have been approved for listing and are expected to begin trading on the Nasdaq Global Market today under the ticker symbol "XCH".

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 10:00:18 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 615 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22448764

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