Core Viewpoint - Texxon Holding Limited is pricing its initial public offering (IPO) of 1,900,000 ordinary shares at US$5.00 per share, aiming to raise approximately US$9.5 million before expenses, with trading expected to commence on October 22, 2025 under the ticker symbol "NPT" [1] Group 1: Offering Details - The IPO will provide gross proceeds of US$9.5 million, with an over-allotment option for underwriters to purchase an additional 285,000 shares [1] - The Offering is expected to close on or about October 23, 2025, pending customary closing conditions [1] Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to the construction of a polystyrene manufacturing factory in Henan Province, China, including production lines and supporting infrastructure [2] - Funds will also be used to update the supply chain management platform and for working capital [2] Group 3: Company Overview - Texxon Holding Limited is a leading provider of supply chain management services in the plastics and chemical industries in East China, focusing on technology-enabled solutions for small and medium-sized enterprises (SMEs) [6] - The company aims to create the largest one-stop supply chain management platform for plastic and chemical raw materials in China, enhancing efficiency and cost-effectiveness for customers [6] - With over a decade of experience, Texxon has developed a scalable software architecture and a robust User Experience Design process to improve customer interactions and decision-making based on substantial transaction data [6]
Texxon Holding Limited Announces Pricing of $9.5 Million Initial Public Offering