Wellchange Holdings Completes IPO
Ticker: WCT · Form: 6-K · Filed: Oct 3, 2024 · CIK: 1990251
| Field | Detail |
|---|---|
| Company | Wellchange Holdings Co Ltd (WCT) |
| Form Type | 6-K |
| Filed Date | Oct 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00005, $4.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, offering, shares
TL;DR
Wellchange Holdings just IPO'd, selling 2M shares on Oct 3rd.
AI Summary
On October 3, 2024, Wellchange Holdings Company Limited completed its Initial Public Offering (IPO) of 2,000,000 ordinary shares. The offering included 1,100,000 shares from the company and 900,000 shares from a selling shareholder. The par value of each ordinary share is $0.00005.
Why It Matters
The completion of an IPO signifies a significant milestone for a company, potentially providing access to capital for growth and increasing its public profile.
Risk Assessment
Risk Level: medium — As a newly public company from an IPO, Wellchange Holdings faces the inherent risks associated with market reception and operational execution in the public markets.
Key Numbers
- 2,000,000 — Ordinary Shares Offered (Total shares sold in the IPO)
- 1,100,000 — Company Shares Offered (Shares sold directly by Wellchange Holdings)
- 900,000 — Selling Shareholder Shares (Shares sold by a third-party shareholder)
Key Players & Entities
- Wellchange Holdings Company Limited (company) — Company completing IPO
- October 3, 2024 (date) — Date of IPO closing
- 2,000,000 (dollar_amount) — Total ordinary shares offered in IPO
- $0.00005 (dollar_amount) — Par value per ordinary share
- Selling Shareholder (company) — Entity selling shares in IPO
FAQ
What is the total number of ordinary shares Wellchange Holdings Company Limited offered in its IPO?
Wellchange Holdings Company Limited offered a total of 2,000,000 ordinary shares in its IPO.
On what date did Wellchange Holdings Company Limited close its IPO?
The company closed its IPO on October 3, 2024.
What is the par value of each ordinary share offered by Wellchange Holdings?
The par value of each ordinary share is $0.00005.
How many shares were offered by the Selling Shareholder?
The Selling Shareholder offered 900,000 ordinary shares.
Which form is Wellchange Holdings Company Limited filing as a Report of Foreign Private Issuer?
Wellchange Holdings Company Limited is filing a Form 6-K.
Filing Stats: 560 words · 2 min read · ~2 pages · Grade level 13.3 · Accepted 2024-10-03 16:05:25
Key Financial Figures
- $0.00005 — of 2,000,000 ordinary shares, par value $0.00005 per share (the “Ordinary Shares&r
- $4.00 — 024. The Ordinary Shares were priced at $4.00 per share, and the Offering was conduct
Filing Documents
- ea0216115-6k_wellchange.htm (6-K) — 14KB
- ea021611502ex4-1_wellchange.htm (EX-4.1) — 83KB
- ea021611502ex10-1_wellchange.htm (EX-10.1) — 238KB
- ea021611502ex99-1_wellchange.htm (EX-99.1) — 9KB
- ea021611502ex99-2_wellchange.htm (EX-99.2) — 9KB
- 0001213900-24-085035.txt ( ) — 355KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: October 3, 2024 Wellchange Holdings Company Limited By: /s/ Shek Kin Pong Name: Shek Kin Pong Title: Chief Executive Officer, Chairman of the Board (Principal Executive Officer) 2 EXHIBIT INDEX Exhibit No. Description 4.1 Representative’s Warrant 10.1 Underwriting agreement dated October 1, 2024 by and between the Company and Representative 99.1 Press Release on Pricing of the Company’s Initial Public Offering 99.2 Press Release on Closing of the Company’s Initial Public Offering 3