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0.0484848484848485 0.0484848484848485 0.0484848484848485 0.0484848484848485 0.0484848484848485 -0.00606060606060593 0.0272727272727274 0.0242424242424244
Stock impact report

Zhibao Technology Inc. Announces Closing of Initial Public Offering

Zhibao Technology Inc. - Class A Ordinary Shares (ZBAO) 
Company Research Source: GlobeNewswire
Shanghai, China, April 03, 2024 (GLOBE NEWSWIRE) -- Zhibao Technology Inc. (Nasdaq: “ZBAO” or the “Company”), a leading and high growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced the closing of its initial public offering ("Offering”) of 1,500,000 Class A ordinary shares at a public offering price of $4.00 per Class A ordinary share for aggregate gross proceeds of $6,000,000, before deducting underwriting discounts and offering expenses. The Company has granted the underwriters a 45-day option to purchase up to an additional 225,000 Class A ordinary shares to cover the over-allotment at the public offering price, less underwriting discounts and commissions. The Class A ordinary shares began trading on the Nasdaq Capital Market on April 2, 2024 under the symbol "ZBAO." EF Hutton LLC acted as the sole book-running manager for the Offering. A registration statement on Form F-1 (F Show less Read more
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