WF International Ltd.

WF International Ltd. (WXM) priced its initial public offering on Jan 15, 2025 at $4.00 per share, raising $5.6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $28.4M. Benchmark was lead-left underwriter. Ellenoff Grossman & Schole, Maples and Calder and Yuan Tai Law Offices advised the company and ArentFox Schiff and PacGate Law Group advised the underwriters.

WF International Ltd. is a Cayman Islands holding company operating through PRC subsidiaries, mainly Shanyou HVAC, which began in Chengdu in 2009. It supplies, installs, fits out and maintains HVAC systems, floor heating systems and water purification systems.

Status

IPO

Ticker

WXM

Exchange

Nasdaq Capital Market

Priced

Jan 15, 2025

IPO price

$4.00

Raised

$5.6M

Market cap at IPO price

$28.4M

First filed

Nov 8, 2023

Underwriters

Benchmark

Company counsel

Ellenoff Grossman & Schole, Maples and Calder and Yuan Tai Law Offices

Underwriters' counsel

ArentFox Schiff and PacGate Law Group

Sector

Other

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.