Pheton Holdings Prices $9M Initial Public Offering Of 2.25M Class A Ordinary Shares At $4.00/Share
Portfolio Pulse from Benzinga Newsdesk
Pheton Holdings has announced the pricing of its $9 million Initial Public Offering (IPO), offering 2.25 million Class A ordinary shares at $4.00 per share.
September 05, 2024 | 1:35 pm
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Pheton Holdings has priced its IPO at $4.00 per share, raising $9 million by offering 2.25 million Class A ordinary shares.
The successful pricing of Pheton Holdings' IPO at $4.00 per share indicates a positive market reception, which could lead to an increase in stock price as the company begins trading. The $9 million raised will provide capital for growth and operations.
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