Golden Sun Technology Group Ltd.

Golden Sun Technology Group Ltd. (GSUN) priced its initial public offering on Jun 23, 2022 at $4.00 per share, within its $4.00–$5.00 range, raising $17.6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $69.6M. Network 1 was lead-left underwriter, joined by Financial. Hunter Taubman Fischer & Li and Ogier advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

At its 2022 IPO, Golden Sun Education Group (now Golden Sun Technology Group) was a Shanghai-headquartered education provider, established in 1997, offering Spanish tutorial services in China. Before its reorganization it also operated one private primary school and one private secondary school.

Status

IPO

Ticker

GSUN

Exchange

Nasdaq Capital Market

Priced

Jun 23, 2022

IPO price

$4.00

Price range

$4.00–$5.00

Raised

$17.6M

Market cap at IPO price

$69.6M

First filed

May 7, 2021

Underwriters

Network 1 and Financial

Company counsel

Hunter Taubman Fischer & Li and Ogier

Underwriters' counsel

Sichenzia Ross Ference Carmel

Sector

Business services

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.