Texxon Holding completes $9.5 million IPO on NASDAQ

Texxon Holding Limited (NASDAQ: NPT) completed its initial public offering of 1,900,000 ordinary shares at $5.00 per share, raising $9.5 million in gross proceeds before underwriting discounts and expenses, according to a company statement.

The Shanghai-based supply chain management services provider began trading on the Nasdaq Capital Market on October 22, 2025. The company operates in the plastics and chemical industries in East China.

Texxon granted underwriters an over-allotment option to purchase up to 285,000 additional ordinary shares at the public offering price, less underwriting discounts. D. Boral Capital LLC served as the sole book-running manager for the offering.

The company plans to use net proceeds from the offering for three purposes: constructing a polystyrene manufacturing factory in Henan Province, China, including production lines and storage facilities; updating its supply chain management platform; and working capital.

The Securities and Exchange Commission declared the company's registration statement on Form F-1 effective on September 30, 2025. The filing was assigned number 333-281530.

Texxon provides supply chain management services to Chinese small and medium enterprises, including procurement, shipping, logistics, payments and fulfillment services through its technology platform. The company stated it processes supplier and customer information, price trends, and market demand data to analyze market conditions.

You May Also Be Interested In