Haoxin Holdings Shares Fall in Nasdaq Debut

Trading View
2025.04.15 17:38
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Haoxin Holdings shares fell 17% to $3.32 in their Nasdaq debut, below the IPO price of $4. The company raised $7 million by offering 1.75 million shares. The stock peaked at $6.29 and dipped to $3.20 during trading. The IPO is set to close Wednesday, with plans to use proceeds for vehicle purchases, acquisitions, and IT upgrades.

Haoxin Holdings shares fell 17% to $3.32 in recent Tuesday trading, below the initial public offering price in the debut on Nasdaq.

The company offered 1.75 million class A ordinary shares at $4 apiece to raise gross proceeds of $7 million.

Earlier, the stock reached $6.29 and later touched $3.20. Intraday volume topped 6.84 million shares

Underwriters have a 45-day option to buy up to an additional 262,500 shares at the IPO price, the company said Monday in a statement.

Haoxin plans to use the proceeds partly to buy new vehicles, pursue acquisitions and upgrade its IT system. The IPO is expected to close Wednesday.

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