E-Home Household Service Holdings, which provides housekeeping and home appliance services in China, raised $25 million on Friday by offering 5.6 million shares at $4.50, within the range of $4 to $5.
The company opened for trading on Friday at more than quadruple its offer price and finished the day at $54 for a 1,100% gain. At pricing, the company commanded a market value of $151 million, which soared to $1.8 billion by the end of its first day of trading.
E-Home Household Service Holdings plans to list on the Nasdaq under the symbol EJH. Joseph Stone Capital acted as a lead manager on the deal.
