Broadband Provider Elauwit Connection (ELWT.US) Priced at $9/Share in IPO, Closes Down 20% on Debut

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Nov 06, 2025

Elauwit Connection (ELWT.US) debuted on the Nasdaq on Wednesday, pricing its initial public offering (IPO) at $9 per share, the lower end of its previously announced $9–$11 range. The company sold 1.7 million shares in the IPO, raising $15 million. On its first trading day, the stock closed down 20% at $7.20.

Elauwit Connection provides broadband internet networks for the multifamily and student housing sectors, offering managed services and network-as-a-service solutions designed to enhance residents' internet connectivity experience. Founded in 2019 and headquartered in Columbia, South Carolina, the company reported $17 million in revenue over the 12 months ending June 30, 2025.

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The company sold 1.7 million shares in the IPO, raising $15 million. On its first trading day, the stock closed down 20% at $7.20.</p>\n<p>Elauwit Connection provides broadband internet networks for the multifamily and student housing sectors, offering managed services and network-as-a-service solutions designed to enhance residents' internet connectivity experience. Founded in 2019 and headquartered in Columbia, South Carolina, the company reported $17 million in revenue over the 12 months ending June 30, 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EWLT","symbol_name":"Elauwit Connection, Inc.","start_time":0,"source_url":"","article_id":"1159546496","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159546496","pubTimestamp":1762414708,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Elauwit Connection (ELWT.US) debuted on the Nasdaq on Wednesday, pricing its initial public offering (IPO) at $9 per share, the lower end of its previously announced $9–$11 range. 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