Global internet of people, inc. announces full exercise of the underwriter's over-allotment option

Beijing, china, feb. 19, 2021 (globe newswire) -- global internet of people, inc. (“sdh” or the “company”) (nasdaq: sdh), an operator of a knowledge sharing and enterprise service platform via mobile application and through local centers in china, today announced that viewtrade securities, inc., as representative of the several underwriters of the company's firm commitment initial public offering (“ipo”), has exercised the full over-allotment option to purchase an additional 1,008,000 ordinary shares at the ipo price of $4.00 per share. as a result, the company has raised gross proceeds of approximately $4,032,000, in addition to the previously announced ipo gross proceeds of approximately $26.88 million, before underwriting discounts and commissions and offering expenses.
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