- Everbright Digital Holding Limited (EDHL, Financial) announces pricing of its $6 million IPO on Nasdaq.
- The company will offer 1.5 million shares at $4.00 each, with trading set to begin on April 17, 2025.
- Proceeds will support marketing, R&D, and global business expansion efforts.
Everbright Digital Holding Limited, a Hong Kong-based marketing solutions provider, has priced its initial public offering (IPO) on the Nasdaq Capital Market, under the ticker symbol EDHL. The company is offering 1,500,000 ordinary shares at $4.00 per share, targeting total gross proceeds of $6.0 million. Trading is anticipated to launch on April 17, 2025.
The IPO will aid Everbright Digital in its efforts to expand business operations globally. The company plans to allocate funds towards marketing, the development of core technologies, overseas business activities, talent acquisition, and bolstering working capital.
Dominari Securities is leading the underwriting efforts for this offering, with Revere Securities acting as co-underwriter. The company has also granted the underwriters a 45-day option to purchase up to an additional 225,000 shares, providing potential for increased capital inflow.
Everbright Digital's decision to list on a U.S. exchange continues the trend of Asian companies accessing American financial markets, despite increased regulatory scrutiny in recent times. The offering is expected to conclude around April 21, 2025, assuming all customary closing conditions are met.
