Investing.com | Author Vlad Schepkov
Published Jan 25, 2024 05:04AM ET
Planet Image International Ltd (YIBO) Prices 1.25M Share IPO at $4/sh
Planet Image International Limited ("Planet Image" or the "Company") (Nasdaq: YIBO), an export-oriented manufacturer and seller of compatible toner cartridges based in
The Company has granted the underwriter a 45-day option to purchase up to an additional 187,500 Class A ordinary shares at the public offering price, less underwriting discounts. The offering is expected to close on
The Company intends to use the net proceeds from the offering for: i) constructing a comprehensive, multi-layer production center; ii) research and development; iii) updating the software systems of the Company's own websites; iv) setting up additional warehouses in overseas locations; and v) general corporate purposes.
US Tiger Securities, Inc. is acting as the sole book runner for the offering. Hunter
A registration statement on Form F-1, as amended (File No.333- 263602) (the "Registration Statement"), relating to the offering, was filed with the U.S. Securities and Exchange Commission ("SEC") by the Company and declared effective by the SEC on
Before you invest, you should read the final prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Written By: Investing.com
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