Magstone Law Provided Legal Services for the Initial Public Offering (IPO) of Jiade Limited (NASDAQ: JDZG), with WestPark Capital, Inc. acting as the lead underwriter.

2024-08-31 16:19:00

Magstone Law provided legal services for the Initial Public Offering (IPO) of Jiade Limited (NASDAQ: JDZG), with WestPark Capital, Inc. acting as the lead underwriter. Jiade Limited is a company focused on providing one-stop comprehensive educational support services for adult education institutions. The company successfully completed its IPO of 2 million shares of common stock at a public offering price of 4.00pershare,raisingtotalgrossproceedsof4.00pershare,raisingtotalgrossproceedsof8 million (before underwriting discounts and related expenses).

The proceeds from this IPO are expected to be primarily used to expand Jiade Limited's sales and operations team, enhance market promotion, acquire authorized vocational education and training institutions in China, establish multiple examination centers, and for general corporate purposes. The shares began trading on the Nasdaq Capital Market under the ticker symbol "JDZG" on May 15, 2024.