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].
Webus International Limited Announces Pricing of Initial Public Offering and Listing on the Nasdaq Capital Market