India, June 23 -- Happy City Holdings Limited (HCHL) announced that it has priced its initial public offering of 1.10 million Class A ordinary shares at a price of $5.00 per Class A Ordinary Share.
The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on June 24, 2025 under the symbol HCHL. The Offering is expected to close on June 25, 2025.
The company expects to receive aggregate gross proceeds of US$5.5 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 165,000 Class A Ordinary Shares of the Company, at the Offering Price, representing 15% of the Class A Ordin...