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Re: paps3 post# 279261

Friday, 03/26/2021 10:57:22 AM

Friday, March 26, 2021 10:57:22 AM

Post# of 285919
Hywin Holdings Ltd. said its downsized initial public offering of three million American depositary shares was priced at $10 each, the low end of the expected range of $10 to $12 .
The Shanghai third-party provider of wealth-management services had already reduced the size of the IPO to 3.8 million ADSs from 4.2 million.
Hywin said it expects gross proceeds of $30 million , adding that it granted the underwriters a 45-day option to buy up to an additional 450,000 ADSs.

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