Park Ha Biological Technology Co., Ltd. Announces Pricing of $4.8 Million Initial Public Offering
PHH (PHH)
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Source: GlobeNewswire
Wuxi, China, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Park Ha Biological Technology Co., Ltd. (the "Company"), a company focused on developing private skincare labels, direct skincare product sales, and franchise alliance promotions, today announced the pricing of its initial public offering (the "Offering") of 1,200,000 ordinary shares at a public offering price of $4.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on December 27, 2024 under the ticker symbol "PHH." The Company expects to receive aggregate gross proceeds of $4.8 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 180,000 ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about December 30, 2024, subject to the satisfaction of
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