Haoxin Holdings Plunges 13.18% Post-IPO

On April 16, 2025, Haoxin Holdings experienced a significant drop of 13.18% in pre-market trading, marking a notable decline in its stock performance.

Haoxin Holdings recently made its debut on the Nasdaq, with its initial public offering (IPO) priced at $4.00 per share, raising a total of $7 million. The company's shares started trading on April 15, 2025, and the IPO was underwritten by Craft Capital and WestPark Capital.

Following its IPO, Haoxin Holdings has announced its intention to seek acquisitions as part of its growth strategy. This move is aimed at expanding its market presence and enhancing its service offerings in the temperature-controlled truckload and urban logistics sectors.