Investing.com - Financial Markets Worldwide

WF Holding opens at $3.97 after pricing IPO at $4 per share

Published 27/03/2025, 16:16
© Reuters.
WFF
1.08%

Investing.com -- WF Holding Limited, a fiberglass reinforced plastic (FRP) products manufacturer based in Malaysia, started trading on the Nasdaq Capital Market today. The shares, listed under the ticker symbol (NASDAQ:WFF), began trading at $3.97, slightly below their initial public offering (IPO) price of $4.00 per share.

The Company announced yesterday that it had priced its IPO of 2,000,000 ordinary shares at $4.00 per share. The gross proceeds from this offering, before subtracting underwriting discounts and other related expenses, are expected to be around $8 million.

WF Holding has also provided the underwriters with a 45-day option to buy up to an additional 300,000 ordinary shares at the public offering price, minus underwriting discounts, once the offering closes.

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

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