Rich Sparkle Holdings Limited (NASDAQ:ANPA) began trading at $3.60 per share on Tuesday, dipping below its initial public offering (IPO) price of $4.00.
The Hong Kong-based financial printing and corporate services provider priced its IPO at $4.00 per share, offering 1.25 million ordinary shares and aiming to raise approximately $5 million in gross proceeds, before underwriting discounts and related expenses.
Rich Sparkle specializes in designing and printing high-quality financial print materials in Hong Kong. Its shares are now listed on the Nasdaq Capital Market under the ticker symbol “ANPA.”
The IPO was conducted on a firm commitment basis, with Eddid Securities USA Inc. acting as the underwriter.