Nano Labs Ltd (NA) Prices 1.77M ADS IPO at $11.50/ADS
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Nano Labs Ltd Announces Pricing of Initial Public Offering
July 12, 2022 6:30 AM EDTHANGZHOU, China, July 12, 2022 (GLOBE NEWSWIRE) -- Nano Labs Ltd (the Company or Nano Labs), a leading fabless integrated circuit (IC) design company and product solution provider in China, today announced the pricing of its initial public offering of 1,770,000 American Depositary Shares (ADS) at a price to public of US$11.50 per ADS for the total offering size of approximately US$20.3 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. Each ADS represents two Class A ordinary shares of the Company. The ADSs will begin trading on July 12, 2022, U.S. Eastern time, on the Nasdaq Global Market... More
