XCHG Limited (XCH) Prices 3.33M Share IPO at $6.2/sh
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XCHG Limited Announces Pricing of Initial Public Offering
September 10, 2024 6:00 AM EDTHAMBURG, 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. Each ADS represents 40 Class A ordinary shares, par value $0.00001 per share, of the Company. The ADSs have been approved for listing and are expected to begin trading on the Nasdaq Global Market... More
