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SHENGFENG DEVELOPMENT Ltd IPO

Completed

SHENGFENG DEVELOPMENT Ltd completed its initial public offering on NASDAQ on March 31, 2023, pricing at $4.00 a share.

TickerSFWL
ExchangeNASDAQ
StatusCompleted
Listing dateMarch 31, 2023
Offering price$4.00
Shares offered2,400,000
Total raised$10M

The offering

SHENGFENG DEVELOPMENT Ltd sold 2,400,000 shares at $4.00 each on NASDAQ. Multiplied out, that is $9.6 million in gross proceeds, the figure before underwriting discounts and offering expenses, and it agrees with the $10 million total recorded for the deal.

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Source: SEC EDGAR filings for SHENGFENG DEVELOPMENT Ltd. This page is general information, not investment advice.