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FAQ: Texxon Holding Limited's IPO Over-Allotment Option Exercise and Business Overview
TL;DR
Texxon Holding's successful IPO with full underwriter option exercise signals strong market confidence and provides capital advantage for expanding its supply chain dominance in East China.
Texxon Holding raised $10.93 million through its IPO with underwriters purchasing 285,000 additional shares at $5.00 each, trading on Nasdaq since October 22, 2025.
Texxon's technology platform streamlines procurement for Chinese SMEs, making plastic and chemical raw materials more accessible and efficient for small business growth.
A decade of transaction data powers Texxon's AI-driven platform that predicts market trends while revolutionizing chemical supply chains for thousands of Chinese businesses.
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Texxon Holding Limited announced that underwriters fully exercised their option to purchase an additional 285,000 ordinary shares at $5.00 per share, bringing total gross proceeds to $10.93 million before underwriting discounts and expenses.
The ordinary shares began trading on the Nasdaq Capital Market on October 22, 2025.
D. Boral Capital LLC served as the sole book-running manager for Texxon Holding's initial public offering.
Texxon Holding Limited is a leading provider of supply chain management services in the plastics and chemical industries in East China, offering procurement, shipping and logistics, payments, and fulfillment services through its technology-enabled platform.
The company primarily operates in East China, serving Chinese SME customers in the plastics and chemical industries.
The company aspires to build the largest one-stop plastic and chemical raw material supply chain management platform in China to streamline the complex procurement process and enhance convenience, cost-effectiveness, and efficiency for customers.
Texxon has built a highly scalable distributed software architecture for continuous improvement, an effective User Experience Design process, and has amassed substantial transaction data including supplier and customer information, price trends, and market demand volume over more than a decade of experience.
For more information, investors can visit the Company's website at ir.npt-cn.com or view the full press release at https://ibn.fm/yxdOI.
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The underwriters purchased an additional 285,000 ordinary shares through the full exercise of their over-allotment option.
Curated from InvestorBrandNetwork (IBN)
