Wellchange Holdings Co Ltd

Wellchange Holdings Co Ltd (WCT) priced its initial public offering on Oct 2, 2024 at $4.00 per share, raising $8M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $84.4M. Maples and Calder and Ortoli Rosenstadt advised the company and Hunter Taubman Fischer & Li advised the underwriters.

Wellchange Holdings Co Ltd is an enterprise software solution services provider headquartered in Hong Kong. It offers customized software, cloud-based software-as-a-service platforms and white-label software development, mainly to small and medium-sized businesses pursuing digital transformation.

Status

IPO

Ticker

WCT

Exchange

Nasdaq Capital Market

Priced

Oct 2, 2024

IPO price

$4.00

Raised

$8M

Market cap at IPO price

$84.4M

First filed

Feb 8, 2024

Company counsel

Maples and Calder and Ortoli Rosenstadt

Underwriters' counsel

Hunter Taubman Fischer & Li

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.