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Wellchange Holdings Priced, Nasdaq: WCT

Hong Kong-based provider of customized software solutions for SMBs.

Industry: Technology

Latest Trade: $3.82 0.00 (0.0%)

First Day Return: +2.8%

Return from IPO: -4.5%

Industry: Technology

We are an enterprise software solution services provider headquartered in Hong Kong. We conduct operations through our Operating Subsidiary in Hong Kong, Wching HK. We provide customized software solutions, cloud-based software-as-a-service (“SaaS”) platforms, and “white-label” software design and development services. Our mission is to empower our customers and users, in particular, small and medium-sized businesses (“SMBs,” as defined below), to accelerate their digital transformation, optimize productivity, improve customer experiences, and enable resource-efficient growth with our low-cost, user-friendly, reliable and integrated all-in-one Enterprise Resource Planning (“ERP”) software solutions. In Hong Kong, SMBs refer to manufacturing companies with less than 100 employees and non-manufacturing companies with less than 50 employees. Our business has experienced significant growth. We had 48 and 83 customers for the years ended December 31, 2021 and 2022, respectively. Our total revenues increased by approximately US$999,507 or 148.8% to approximately US$1,671,117 for the year ended December 31, 2022 from approximately US$671,610 for the year ended December 31, 2021.
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IPO Data
IPO File Date 02/08/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/01/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Dominari Securities
Revere Securities
Company Data
Headquarters Hong Kong, China
Founded 2012
Employees at IPO 7
Website www.wchingtech.com

Wellchange Holdings (WCT) Performance