EV Charging Solutions Provider XCHG Limited Reports Pricing Of Its IPO Of 3.33M ADSs At $6.2 Per ADS
Portfolio Pulse from Benzinga Newsdesk
XCHG Limited, an EV charging solutions provider, has announced the pricing of its IPO, offering 3.33 million ADSs at $6.2 each. The ADSs, representing 40 Class A ordinary shares, will trade on Nasdaq under the symbol 'XCH'. The offering is expected to close on September 11, 2024.
September 10, 2024 | 10:02 am
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XCHG Limited's IPO is priced at $6.2 per ADS, with trading on Nasdaq starting today. This marks a significant step for the company in raising capital and expanding its market presence.
The IPO pricing and Nasdaq listing are crucial for XCHG Limited as they provide the company with capital for growth and increase its visibility in the market. The positive reception of the IPO could lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100