XCHG Ltd

XCHG Ltd (XCH) priced its initial public offering on Sep 10, 2024 at $6.20 per ADS, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $252.9M. US Tiger was lead-left underwriter. Davis Polk, Maples and Calder and Fangda Partners advised the company and Greenberg Traurig and Haiwen & Partners advised the underwriters.

XCHG Ltd provides electric vehicle charging solutions, mainly DC fast chargers in its C6 and C7 series and battery-integrated DC fast chargers called Net Zero Series, together with related services.

Status

IPO

Ticker

XCH

Exchange

Nasdaq Global Market

Priced

Sep 10, 2024

IPO price

$6.20 per ADS

Market cap at IPO price

$252.9M

First filed

Feb 1, 2024

Underwriters

US Tiger

Company counsel

Davis Polk, Maples and Calder and Fangda Partners

Underwriters' counsel

Greenberg Traurig and Haiwen & Partners

Sector

Industrials & materials

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