Everbright Digital Holdings starts trading at $4.60, after $4.00 IPO pricing

Investing.com -- Everbright Digital Holdings, a Hong Kong-based integrated marketing solutions provider, began trading today on the Nasdaq Capital Market under the ticker symbol EDHL. The shares opened at $4.60 each, following the pricing of its initial public offering (IPO) at $4.00 per ordinary share.

Yesterday, Everbright Digital Holdings announced the pricing of its IPO, offering 1,500,000 ordinary shares at a public offering price of $4.00 per share. Each ordinary share has a par value of $0.00004.

The company anticipates gross proceeds of $6.0 million from the sale of the ordinary shares in the IPO, before accounting for underwriting discounts and other related expenses.

Everbright Digital Holdings has also provided the underwriters with a 45-day option to purchase up to an additional 225,000 ordinary shares at the public offering price, with underwriting discounts deducted.

Dominari Securities LLC is serving as the lead underwriter for the IPO, with Revere Securities LLC acting as co-underwriter. The offering is being carried out on a firm commitment basis.

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