China Xiangtai Food Co., Ltd Completes the First Day of Trading on NASDAQ with Shares Closing at $5
China Xiangtai Food Co., Ltd. - Ordinary Shares (PLIN)
Company Research
Source: PR Newswire
CHONGQING, China, Aug. 14, 2019 /PRNewswire/ -- China Xiangtai Food Co., Ltd. (Nasdaq: PLIN) (the "Company" or "PLIN"), an emerging growth company primarily engaged in pork processing in China, commenced trading on the Nasdaq Capital Market on August 14, 2019 under the ticker symbol "PLIN". Shares closed at $5 in the Company's Nasdaq debut despite stock market crashed.On May 10, 2019, the Company announced the closing of its initial public offering ("IPO") of 1,172,360 ordinary shares at a price to the public of $5.00 per share for a total of $5,861,800 in gross proceeds before expenses, underwriting discount and commissions.Zeshu Dai, Chairwoman of the Board and Chief Executive Officer of the Company, commented, "Our first day of trading was unfortunately timed as equity markets across the world experienced volatility. Despite these tailwinds, we are pleased with the trading performance as the shares closed at the IPO price of $5.00 per share. We appreciate the support of our investo
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