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Xuhang Holdings (SUNH.US) has reduced the IPO issuance size and now plans to issue 2.5 million shares of stocks to raise 11 million US dollars.
According to the Smart Finance APP, China's marketing service provider Xuhang Holdings Limited (stock code: SUNH.US) announced on Monday a downward adjustment to the planned transaction size of its upcoming initial public offering (IPO). The company, headquartered in Hangzhou, China, now plans to raise $11 million by issuing 2.5 million shares of stock at a price of $4 to $5 per share. The company had previously filed an application to issue 2.8 million shares at the same price range. At the midpoint, Xuhang Holdings will raise 9% less funds than previously expected.
China's marketing service provider Xuhang Holdings (SUNH.US) IPO price is set at $4 per share, aiming to raise $11 million.
Asuhang Holdings (SUNH.US) has announced the terms of its IPO.
Sunh.us aviation holdings' IPO in the US has been filed with the China Securities Regulatory Commission and is planning to be listed on Nasdaq.
On October 19, the International Cooperation Department of the China Securities Regulatory Commission issued a notice of filing for the overseas issuance and listing of Xuhang Holdings. The company plans to issue no more than 15 million ordinary shares and list them on the NASDAQ Exchange in the United States.