Core Viewpoint - Daoyuan Group (ZGM.US), a Chinese fintech product provider, raised $6 million by issuing 1.5 million shares at $4 each, which is at the lower end of the $4 to $5 price range [1] Company Overview - Daoyuan Group is a professional service provider based in Macau, initially focused on industrial park and commercial investment consulting services [1] - The company began developing its fintech business in the second half of 2023, which is expected to account for a significant portion of its revenue in fiscal year 2024 [1] Financial Technology Business - Daoyuan Group's fintech offerings include platforms for analyzing customer credit risk and consumer behavior [1] - The company acts as an intermediary distributor for fintech products from its supplier, Guo Yan [1] IPO Details - The company's common stock started trading on NASDAQ on September 9, experiencing a significant drop of 20% at one point, ultimately closing down 7.75% at $3.69 [1] - Cathay Securities served as the exclusive underwriter for this IPO transaction [1]
美股异动 | 道元集团(ZGM.US)IPO定价4美元/股 上市首日收跌近8%