TSLA
Tesla
-- 416.345 NVDA
NVIDIA
-- 137.350 PLTR
Palantir
-- 72.340 ADBE
Adobe
-- 476.120 AMD
Advanced Micro Devices
-- 130.799 
NEWS
Jinxin Technology Holding Company Announces Closing of US$5 Million Initial Public Offering
Monday, 9th December at 11:00 pm
SHANGHAI, China, Dec. 9, 2024 /PRNewswire/ -- Jinxin Technology Holding Company (the "Company") (NASDAQ: NAMI), an innovative digital content service provider in China, today announced the closing of its initial public offering (the "Offering") of 1,250,000 American Depositary Shares ("ADSs") at a price to the public of US$4.00 per ADS. Each ADS represents eighteen (18) ordinary shares of the Company. The ADSs commenced trading on December 06, 2024 under the ticker symbol "NAMI."
The Company received aggregate gross proceeds of US$5 millionfrom the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company granted the underwriters a 60-day option to purchase up to an additional 187,500 ADSs at the initial public offering price, less underwriting discounts.
Net proceeds from the Offering will be used for (i) product and content development; (ii) sales and marketing and brand promotions; (iii) recruitment of experienced personnel; and (iv) other general corporate purposes, and potential strategic investments and acquisitions to strengthen the Company's technological capabilities and overall ecosystem.
Monday, 9th December at 11:00 pm
SHANGHAI, China, Dec. 9, 2024 /PRNewswire/ -- Jinxin Technology Holding Company (the "Company") (NASDAQ: NAMI), an innovative digital content service provider in China, today announced the closing of its initial public offering (the "Offering") of 1,250,000 American Depositary Shares ("ADSs") at a price to the public of US$4.00 per ADS. Each ADS represents eighteen (18) ordinary shares of the Company. The ADSs commenced trading on December 06, 2024 under the ticker symbol "NAMI."
The Company received aggregate gross proceeds of US$5 millionfrom the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company granted the underwriters a 60-day option to purchase up to an additional 187,500 ADSs at the initial public offering price, less underwriting discounts.
Net proceeds from the Offering will be used for (i) product and content development; (ii) sales and marketing and brand promotions; (iii) recruitment of experienced personnel; and (iv) other general corporate purposes, and potential strategic investments and acquisitions to strengthen the Company's technological capabilities and overall ecosystem.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment