Core Viewpoint - Webus International Limited has successfully closed its initial public offering, raising $8 million by offering 2 million ordinary shares at a price of $4.00 per share, with potential additional proceeds from an over-allotment option [1][2][3]. Group 1: Offering Details - The initial public offering consisted of 2,000,000 ordinary shares priced at $4.00 each, resulting in gross proceeds of $8,000,000 before expenses [1][2]. - The company has granted underwriters a 45-day option to purchase an additional 300,000 shares, which could increase total gross proceeds to approximately $9.2 million if exercised [2][3]. - The shares began trading on the Nasdaq Capital Market under the ticker symbol "WETO" on February 27, 2025 [2]. Group 2: Company Overview - Webus International Limited specializes in AI-driven mobility solutions, focusing on premium, customizable chauffeur services globally [7]. - The company's flagship brand, "Wetour," offers high-end travel services, including airport transfers and luxury chartered services, utilizing proprietary technology for real-time AI support and multilingual itinerary management [8].

Core Viewpoint - Microbus (WETO.US) went public on February 27, 2023, with its stock closing at $3.60, reflecting a 10.00% decline from its IPO price of $4.00 [1] Company Overview - Microbus operates under a "Mobility as a Service" (MaaS) business model, utilizing a comprehensive digital platform to identify and address inefficiencies related to inflexible or low-quality mobility solutions for clients worldwide [1] - The company offers customized commuting services, including shuttle services, charter bus services, and group travel services for both business and leisure travel [1]

Core Viewpoint - Webus International Limited has announced the pricing of its initial public offering (IPO) of 2,000,000 ordinary shares at $4.00 per share, aiming for total gross proceeds of $8 million before expenses [1][2]. Offering Details - The company has granted underwriters a 45-day option to purchase an additional 300,000 ordinary shares, which could increase gross proceeds to approximately $9.2 million if exercised [2]. - The ordinary shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "WETO" on February 27, 2025, with the offering closing on February 28, 2025, subject to customary conditions [3]. Underwriting and Legal Counsel - The offering is being conducted on a firm commitment basis, with Alexander Capital, L.P. as the sole bookrunner and co-lead underwriter, alongside Network 1 Financial Securities, Inc. and R.F. Lafferty & Co., Inc. as co-lead and co-managing underwriters respectively [4]. Company Overview - Webus International Limited specializes in AI-driven mobility solutions, focusing on premium, customizable chauffeur services globally [7]. - The flagship brand "Wetour" offers high-end customized travel services, including airport transfers and luxury chartered services, utilizing proprietary technology for real-time AI support and multilingual itinerary management [8].