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WF Holding Announces Pricing of Initial Public Offering
WF Holding LtdWF Holding Ltd(US:WFF) GlobeNewswire News Roomยท2025-03-27 00:30

Core Viewpoint - WF Holding Limited, a Malaysia-based manufacturer of fiberglass reinforced plastic (FRP) products, is set to list its shares on the Nasdaq Capital Market under the ticker symbol "WFF" with an initial public offering (IPO) price of US$4.00 per share, aiming to raise US$8 million in gross proceeds from the sale of 2,000,000 ordinary shares [1][2]. Group 1: Offering Details - The IPO consists of 2,000,000 ordinary shares priced at US$4.00 each, with an additional 300,000 shares available for underwriters to purchase within 45 days post-offering [1]. - The offering is expected to close around March 28, 2025, subject to customary closing conditions [1]. - Dominari Securities LLC is the lead underwriter, with Revere Securities LLC as a co-underwriter [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated towards expanding production capacity, hiring and training staff, working capital, and general corporate purposes [2]. Group 3: Company Background - WF Holding Limited is an ISO 9001:2015 certified manufacturer specializing in FRP products such as tanks, pipes, and ducts, with over 30 years of experience in the industry [6]. - The company focuses on delivering high-quality and durable products that enhance industrial infrastructure, promoting resilience and sustainability [6].