Wing Yip Food Holdings Consummates IPO
Ticker: WYHG · Form: 6-K · Filed: Jan 14, 2025 · CIK: 1999860
Sentiment: neutral
Topics: ipo, offering, sec-filing
Related Tickers: WYHG
TL;DR
Wing Yip Food Holdings (WYHG) IPO is done, $4.00/share, 2.05M ADSs sold.
AI Summary
Wing Yip Food Holdings Group Limited (Nasdaq: WYHG) announced on January 14, 2025, that its initial public offering (IPO) of 2,050,000 American Depositary Shares (ADSs) at $4.00 per ADS, which was previously disclosed on November 27, 2024, has been consummated. The company also granted underwriters a 45-day option to purchase additional ADSs.
Why It Matters
The consummation of the IPO provides Wing Yip Food Holdings with capital raised from public markets, potentially enabling expansion and further business development.
Risk Assessment
Risk Level: medium — The company has just completed its IPO, which carries inherent risks associated with public market performance and execution of its business plan.
Key Numbers
- 2,050,000 — ADSs in IPO (Represents the total number of American Depositary Shares offered and sold.)
- US$4.00 — Price per ADS (The price at which each American Depositary Share was offered to the public.)
Key Players & Entities
- Wing Yip Food Holdings Group Limited (company) — Registrant
- Nasdaq: WYHG (company) — Stock ticker
- 2,050,000 (dollar_amount) — Number of American Depositary Shares (ADSs) in IPO
- US$4.00 (dollar_amount) — Public offering price per ADS
- November 27, 2024 (date) — Date of previous disclosure of IPO
- January 14, 2025 (date) — Date of report filing
FAQ
What is the total value of the IPO based on the number of shares and price?
The total value of the IPO is $8,200,000, calculated by multiplying 2,050,000 ADSs by the public offering price of US$4.00 per ADS.
When was the IPO initially disclosed?
The IPO was previously disclosed on November 27, 2024.
What is the filing date of this 6-K report?
This 6-K report was filed on January 14, 2025.
What is the company's stock ticker symbol?
The company's stock ticker symbol is WYHG, traded on Nasdaq.
Does the company have any outstanding options related to the IPO?
Yes, the company granted the underwriters a 45-day option to purchase additional ADSs in connection with the IPO.
Filing Stats: 495 words · 2 min read · ~2 pages · Grade level 13.5 · Accepted 2025-01-14 17:15:35
Key Financial Figures
- $4.00 — rdquo;) at a public offering price of US$4.00 per ADS. Each ADS represents one ordina
- $1,230,000, b — sulting in additional gross proceeds of $1,230,000, before underwriting discounts and offerin
- $9.43 million — egate gross proceeds of approximately US$9.43 million in the IPO, including the full exercise
Filing Documents
- ea0227707-6k_wingyip.htm (6-K) — 17KB
- ea022770701ex99-1_wingyip.htm (EX-99.1) — 11KB
- 0001213900-25-003478.txt ( ) — 30KB
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. Wing yip food holdings Group Limited By: /s/ Xiantao Wang Name: Xiantao Wang Title: Director and Chairman of the Board Date: January 14, 2025 2 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated January 14, 2025 3