NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- On November 27, 2024, Wing Yip Food Holdings Group Limited (the “Company” or “Wing Yip”) (Nasdaq: WYHG), a meat product processing company through its operating subsidiaries in mainland China, announced the closing of its initial public offering (the “Offering”) of 2,050,000 American Depositary Shares (“ADSs”) at a public offering price of US$4.00 per ADS. Each ADS represents one ordinary share of the Company. The Offering was conducted on a firm commitment basis. The ADSs commenced trading on the Nasdaq Capital Market on November 26, 2024 under the ticker symbol “WYHG”.

Shares of driverless tech company Pony AI opened for trading on Wednesday and jumped as much as 19% after the U.S. IPO. The company sold 20 million ADS in the offering for $13 per share to raise $260 million.