PN Smart Energy Ltd

PN Smart Energy Ltd (PN) priced its initial public offering on Mar 4, 2025 at $4.00 per share, raising $8M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $108M. Cathay Securities was lead-left underwriter. Ortoli Rosenstadt, Ogier and Jiangsu Junjin Law Firm advised the company and Hunter Taubman Fischer & Li and Allbright Law Offices advised the underwriters.

PN Smart Energy Ltd manufactures and sells solar PV cables and connectors through Ningbo Skycorp and its China-based subsidiaries. It also partners with IC chip makers and offers new and used GPU and HPC servers.

Status

IPO

Ticker

PN

Exchange

Nasdaq Capital Market

Priced

Mar 4, 2025

IPO price

$4.00

Raised

$8M

Market cap at IPO price

$108M

First filed

Nov 5, 2024

Underwriters

Cathay Securities

Company counsel

Ortoli Rosenstadt, Ogier and Jiangsu Junjin Law Firm

Underwriters' counsel

Hunter Taubman Fischer & Li and Allbright Law Offices

Sector

Consumer

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