Ostin Technology Group Co., Ltd.

Ostin Technology Group Co., Ltd. (OST) priced its initial public offering on Apr 29, 2022 at $4.00 per share, raising $13.5M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $54M. Ellenoff Grossman & Schole, Maples and Calder and King & Wood Mallesons advised the company and Hunter Taubman Fischer & Li and Grandall advised the underwriters.

Ostin Technology Group Co., Ltd. is a Cayman Islands holding company whose operating entities in China supply display modules and polarizers. It designs, develops and manufactures TFT-LCD modules in many sizes for uses such as consumer electronics and outdoor displays.

Status

IPO

Ticker

OST

Exchange

Nasdaq Capital Market

Priced

Apr 29, 2022

IPO price

$4.00

Raised

$13.5M

Market cap at IPO price

$54M

First filed

Mar 5, 2021

Company counsel

Ellenoff Grossman & Schole, Maples and Calder and King & Wood Mallesons

Underwriters' counsel

Hunter Taubman Fischer & Li and Grandall

Sector

Technology

Country / state

China

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