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Global Internet of People, Inc. (SDH) announced the closing of its initial public offering (IPO) of 6,720,000 ordinary shares at $4.00 per share, generating $26.88 million in gross proceeds. The offering closed on February 11, 2021, with shares starting to trade on NASDAQ on February 9, 2021. The underwriters received an option to purchase an additional 1,008,000 shares within 45 days. The IPO proceeds are intended to enhance the company's service platform, which includes a mobile app and local centers across China.
Global Internet of People, Inc. (SDH) has announced the pricing of its initial public offering (IPO) of 6,720,000 ordinary shares at $4.00 per share, raising a total of $26.88 million before expenses. The offering will close on February 11, 2021, and shares are expected to begin trading on NASDAQ on February 9, 2021. An additional option allows underwriters to purchase up to 1,008,000 shares within 45 days at the public offering price. This IPO will fund the company's mobile application and service platform operations across China.