Chinese EV charging company XCHG (XCharge) increases share offering ahead of $23 million US IPO
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Chinese EV charging company XCHG (X-Charge) has increased its share offering ahead of a million US IPO. The firm plans to raise million by offering 3.3 million ADS, up from the previously filed 3.2 million ADS. At the midpoint of the revised range, XCHG will raise 6% more than initially expected, achieving a market value of .3 million. Founded in 2015, XCHG reported million in sales for the year ending March 31, 2024, and intends to list on Nasdaq under the symbol XCH, with Tiger Brokers and Huatai Securities as joint bookrunners.
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