Hong Kong printing service provider SFHG.US (SFHG.US) closed up 32.5% on the first day of listing. The IPO issuance price was 4 US dollars/share

The Zhitong Finance App learned that the printing service provider SFHG.US (SFHG.US), a printing service provider headquartered in Hong Kong, China, landed on NASDAQ on Tuesday and closed up 32.5% on the first day to $5.30. The company's current issue price of common stock was 4 US dollars/share, and 2 million common shares were issued to the outside world.

Of the funds raised this time, Xinghuixin Development plans to use 35% of the capital to strengthen the printing business of operating subsidiaries in Hong Kong, China, and expand market share in other international markets such as the US; 35% to purchase machinery and equipment, and upgrade and improve the operating subsidiary's production equipment to improve the level of automation; and approximately 30% to supplement working capital and other general corporate purposes.

According to data, Xinghui New Development mainly provides printing services in Hong Kong and mainland China. Its operating subsidiary has more than 20 years of experience in the printing industry and can provide various printing products, including: (1) book products, mainly children's books, educational books, notebooks, diaries and journals; (2) novel jewelry and packaging products, mainly including handicrafts, book covers, pop-up books, stationery products, products with assembled parts, and other professional products, shopping bags and packaging boxes. The company's main revenue comes from supplying printed products to booksellers in Hong Kong, who have customers all over the world, particularly in the US and Europe.