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U.S. IPO Weekly Recap: 2 APAC Microcaps Go Public In Short Labor Day Week As The Pipeline Grows

  • Two small IPOs and two SPACs debuted this past week - Pheton Holdings, Powell Max, Vine Hill Capital, and Andretti Acquisition II, respectively. Eight IPOs submitted initial filings this past week, including three names that filed to raise $100 million or more. Two biotechs are scheduled to complete IPOs next Thursday, each aiming to raise $200 million.
    09/07/2024

Pheton Holdings Ltd Announces Closing of Initial Public Offering

  • BEIJING, China, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Pheton Holdings Ltd (the “Company” or “Pheton”), a healthcare solution provider specializing in treatment planning systems for brachytherapy and other related products and services, today announced the closing of its initial public offering (the “Offering”) of 2,250,000 Class A ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $9 million, before deducting underwriting discounts and other related expenses.
    09/06/2024
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Symbol Frequently Asked Questions

The price of Pheton Holdings Ltd Class A Ordinary Shares (PTHL) is 3.86 and it was updated on 2025-01-14 13:00:48.

Currently Pheton Holdings Ltd Class A Ordinary Shares (PTHL) is in undervalued.

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Pheton Holdings Ltd Announces Pricing of Initial Public Offering

  • BEIJING, China, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Pheton Holdings Ltd (the “Company” or “Pheton”), a healthcare solution provider specializing in treatment planning systems for brachytherapy and other related products and services, today announced the pricing of its initial public offering (the “Offering”) of 2,250,000 Class A ordinary shares at a public offering price of $4.00 per Class A ordinary share, for total gross proceeds of $9 million, before deducting underwriting discounts and other related expenses. In addition, Pheton has granted the underwriters a 45-day option to purchase up to an additional 337,500 Class A ordinary shares at the public offering price, less underwriting discounts. The shares are expected to begin trading on the Nasdaq Capital Market on September 5, 2024, under the ticker symbol “PTHL.” The offering is expected to close on September 6, 2024, subject to satisfaction of customary closing conditions.
    Thu, Sep. 05, 2024

U.S. IPO Weekly Recap: Birkenstock Missteps In Public Debut

  • U.S. IPO Weekly Recap: Birkenstock Missteps In Public Debut
    Sat, Oct. 14, 2023

Pheton Holdings Pursues U.S. Micro-IPO

  • Pheton Holdings Ltd. has filed for an IPO to raise $11.25 million in gross proceeds. The company's financial performance has shown declining revenue from a tiny base, reduced gross profit, and an operating loss. Management's valuation expectations are excessive, and the company faces risks due to its small size and thin capitalization.
    Thu, Oct. 12, 2023
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