Huachen AI Parking Management Technology Holding Co., Ltd

Huachen AI Parking Management Technology Holding Co., Ltd (HCAI) priced its initial public offering on Feb 6, 2025 at $4.00 per share, within its $4.00–$6.00 range, raising $6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $126M. Benjamin was lead-left underwriter. Ortoli Rosenstadt, Mourant, Sichenzia Ross Ference Carmel, Ganus Law Firm and Jiangsu Junjin Law Firm advised the company.

Status

IPO

Ticker

HCAI

Exchange

Nasdaq Capital Market

Priced

Feb 6, 2025

IPO price

$4.00

Price range

$4.00–$6.00

Raised

$6M

Market cap at IPO price

$126M

First filed

Aug 14, 2024

Underwriters

Benjamin

Company counsel

Ortoli Rosenstadt, Mourant, Sichenzia Ross Ference Carmel, Ganus Law Firm and Jiangsu Junjin Law Firm

Sector

Industrials & materials

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