Hauchen AI Parking Management Technology Holding Co., Ltd., trading under the symbol NASDAQ:HCAI, is a company that specializes in smart parking solutions and equipment structural parts. The company operates through subsidiaries in China and is now making its debut on the NASDAQ. HCAI is offering 1.5 million shares, each priced at $4, as part of its initial public offering (IPO).
The IPO has successfully closed, generating gross proceeds of $6 million before underwriting discounts and offering expenses. The shares began trading on February 5, 2025, as highlighted by GlobeNewswire. This move marks a significant milestone for the company as it seeks to expand its presence in the global market.
HCAI's stock has shown a notable increase, currently priced at $5.12, which is a 36.17% rise from its initial offering price. The stock has fluctuated between a low of $3.70 and a high of $5.12 today. Over the past year, the highest price recorded was $5.32, while the lowest was $3.70.
The market capitalization of HCAI stands at $179.2 million, indicating the company's growing value in the market. With a trading volume of 405,657 shares, there is significant interest in the stock. Additionally, underwriters have a 45-day option to purchase up to an additional 225,000 ordinary shares at the offering price, excluding underwriting discounts.
