Oriental culture holding ltd announces closing of initial public offering and exercise of the underwriters' option to purchase additional 59,400 shares

Hong kong, china, dec. 17, 2020 (globe newswire) -- oriental culture holding ltd (“ocg” or the “company”) (nasdaq: ocg), a leading online provider focusing on collectibles and artwork e-commerce services, today announced the closing of its initial public offering of 5,124,400 ordinary shares, including the exercise by the underwriters of their over-allotment option to purchase additional 59,400 ordinary shares, at a public offering price of $4.00 per share before underwriting discounts and commissions. all of the ordinary shares were offered by the company.  the ordinary shares commenced trading on the nasdaq capital market under the symbol “ocg” on december 15, 2020.
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