WF International Stock Soars 9.32% Post-IPO

WF International's stock surged 9.32% in pre-market trading on April 2, 2025, marking a significant rise following its recent initial public offering (IPO).

WF International Limited, an integrated electromechanical solutions company, successfully priced its IPO of 1,400,000 ordinary shares at $4.00 per share. The company is expected to receive aggregate gross proceeds of $5,600,000 before deducting underwriting discounts and other related expenses. The shares are set to begin trading on the Nasdaq Capital Market under the ticker symbol "WXM."

The company has granted the underwriters a 45-day option to purchase up to an additional 210,000 ordinary shares at the offering price, representing 15% of the ordinary shares sold in the offering. The offering is expected to close on April 2, 2025, subject to the satisfaction of customary closing conditions.

WF International specializes in the supply, installation, fitting-out, and maintenance services for HVAC systems, floor heating systems, and water purification systems. The company has a strong portfolio, including installations for high-profile projects such as the International Finance Square HVAC projects across China, Chengdu Vanke Charm City, and Chengdu Raffles Plaza.