Rich Sparkle Holdings shares surge 98.03% intraday after completing Nasdaq IPO and raising $5 million.

Rich Sparkle Holdings Limited surged 98.03% intraday, following the completion of its Nasdaq IPO on July 9, which raised $5 million by issuing 1,250,000 shares at $4.00 each. The company plans to use the IPO funds to integrate generative AI functions, open new offices in the U.S., and hire employees. Rich Sparkle Holdings Limited specializes in the design and printing of high-quality financial materials, serving local and international companies listed on the Hong Kong Stock Exchange, including prospectuses and financial reports.