Haoxin Holdings Shares Fall in Nasdaq Debut

MT Newswires Live

Apr 16

Haoxin Holdings (HXHX) shares fell 17% to $3.32 in recent Tuesday trading, below the initial public offering price in the debut on Nasdaq.

The company offered 1.75 million class A ordinary shares at $4 apiece to raise gross proceeds of $7 million.

Earlier, the stock reached $6.29 and later touched $3.20. Intraday volume topped 6.84 million shares

Underwriters have a 45-day option to buy up to an additional 262,500 shares at the IPO price, the company said Monday in a statement.

Haoxin plans to use the proceeds partly to buy new vehicles, pursue acquisitions and upgrade its IT system. The IPO is expected to close Wednesday.

Price: 3.32, Change: -0.68, Percent Change: -17.03

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Intraday volume topped 6.84 million shares</p><p>Underwriters have a 45-day option to buy up to an additional 262,500 shares at the IPO price, the company said Monday in a statement.</p><p>Haoxin plans to use the proceeds partly to buy new vehicles, pursue acquisitions and upgrade its IT system. The IPO is expected to close Wednesday.</p><p>Price: 3.32, Change: -0.68, Percent Change: -17.03</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2527425923","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527425923","pubTimestamp":1744738737,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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