Two IPOs went public in Nasdaq by raising $25 million and $6 million

Two IPOs went public in the week of August 29, 2022 led by Addentax Group Corp. (NASDAQ: ATXG), a garments manufacturer and logistic services provider in China, raised $25 million at a $158 million market cap and finished 92% above its IPO price.

Manufacturer of nicotine-free cigarettes made from hemp in United States, Hempacco Co., Inc. (NASDAQ: HPCO), raised $6 million at a $138 million market cap and finished 6% below its IPO price.

Disclaimer: Hexcellence Consulting, a registered Malaysian company specializing in all aspects of going public in U.S. Capital Markets. The information herein is for informational purposes only and does not constitute legal, financial, or investment advice. While we prioritize accuracy, some data may be sourced from third-party reputable sources. Our views expressed here are our own and may not represent those of third parties or regulatory bodies.


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