One and one Green Technologies, a waste materials and scrap metal recycling company in the Philippines, raised $10 million by offering 2 million shares at $5, the midpoint of the range of $4 to $6. The company offered 0.5 million fewer shares than anticipated. At pricing, One and one Green Tech commands a market cap of $270 million.
One and one is a waste materials and scrap metal recycling company in the Philippines, and is one of the country's few companies with complete licenses required for smelting of E-waste. The company processes raw materials and generates final products that include copper alloy ingot, aluminum scrapes, and plastic beads, among others.
One and one Green Technologies plans to list on the Nasdaq under the symbol YDDL. Cathay Securities acted as sole bookrunner on the deal.
