Puhui Wealth Investment Management Co. Announces Closing of Initial Public Offering; Will Begin Trading on Nasdaq (Ticker: PHCF) on Thursday, December 27, 2018
Puhui Wealth Investment Management Co., Ltd. - Ordinary Shares (PHCF)
Company Research
Source: PR Newswire
BEIJING, Dec. 27, 2018 /PRNewswire/ -- Puhui Wealth Investment Management Co., Ltd. (Nasdaq: PHCF) ("Puhui" or "the Company"), a third-party wealth management service provider with a focus on wealth management services for high net worth individuals and corporate clients, today announced the closing of its initial public offering ("IPO"), having sold an aggregate of 1,507,558 ordinary shares at a price to the public of $6.00 per share for total gross proceeds of over $9 million before expenses and underwriting commissions. The Company's ordinary shares will begin trading on The Nasdaq Capital Market ("Nasdaq") under the ticker symbol "PHCF" effective on Thursday, December 27, 2018.Joseph Stone Capital, LLC, a global provider of brokerage, investment banking, and corporate/advisory services, served as sole underwriter and book-running manager for the offering. The offering of these securities is made only by means of a prospectus. A registration statement relating to the securities sol
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