iTonic Holdings Ltd

iTonic Holdings Ltd (PTHL) priced its initial public offering on Sep 6, 2024 at $4.00 per share, raising $9M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $26.3M. Dominari was lead-left underwriter. Hunter Taubman Fischer & Li, Ogier and Jingtian & Gongcheng advised the company.

At its 2024 IPO, Pheton Holdings (now iTonic Holdings) was a Cayman Islands holding company operating in China through Beijing Feitian, which develops and sells FTTPS, a treatment planning software for brachytherapy, a form of radiotherapy for cancer patients.

Status

IPO

Ticker

PTHL

Exchange

Nasdaq Capital Market

Priced

Sep 6, 2024

IPO price

$4.00

Raised

$9M

Market cap at IPO price

$26.3M

First filed

Oct 11, 2023

Underwriters

Dominari

Company counsel

Hunter Taubman Fischer & Li, Ogier and Jingtian & Gongcheng

Sector

Healthcare

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