Reported Earlier, Wellchange Holdings To Begin Nasdaq Trading After $4.00/Share IPO, Selling 1.1M Company Shares and 900K from Shareholders
Portfolio Pulse from Benzinga Newsdesk
Wellchange Holdings, a Hong Kong-based enterprise software solutions provider, is set to begin trading on Nasdaq under the ticker 'WCT' following its IPO priced at $4.00 per share. The company is offering 1.1 million shares, with an additional 900,000 shares being sold by a shareholder. The IPO is expected to raise $4.4 million for Wellchange, which plans to use the proceeds for technology enhancements, marketing, international expansion, and potential strategic acquisitions.
October 02, 2024 | 6:45 am
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Wellchange Holdings is launching its IPO on Nasdaq, offering shares at $4.00 each. The company aims to raise $4.4 million to enhance its software technologies, expand its SaaS platform, and pursue international growth.
The IPO marks Wellchange's entry into the US market, providing capital for growth and expansion. The stock is likely to see positive interest as investors anticipate the company's strategic use of funds for technology and market expansion.
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