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U Power Ltd completed its initial public offering on NASDAQ on April 20, 2023, pricing at $6.00 a share.
| Ticker | UCAR |
|---|---|
| Exchange | NASDAQ |
| Status | Completed |
| Listing date | April 20, 2023 |
| Offering price | $6.00 |
| Shares offered | 2,416,667 |
| Total raised | $15M |
U Power Ltd sold 2,416,667 shares at $6.00 each on NASDAQ. Multiplied out, that is $14.5 million in gross proceeds, the figure before underwriting discounts and offering expenses, and it agrees with the $15 million total recorded for the deal.
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Source: SEC EDGAR filings for U Power Ltd. This page is general information, not investment advice.