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Pheton Holdings Prices 2.25 Mln IPO At $4.00/share

September 05, 2024 — 11:10 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Pheton Holdings Ltd. (PTHL), Thursday announced the pricing of initial public offering of 2.25 million Class A shares at $4 per share, totaling $9 million.

Also, the company offered the underwriters a 45-day option to purchase up to an additional 337,500 Class A ordinary shares.

The company's shares will begin trading on the Nasdaq Capital Market on September 5, 2024, under the ticker symbol 'PTHL.'

The offering is expected to close on September 6.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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