Malaysia-based HVAC system maker EvoAir increases shares offered in $17 million US IPO
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EvoAir Holdings, a Malaysia-based eco-friendly HVAC system manufacturer, has increased its IPO size to $17 million by offering 3.8 million shares priced between $4 and $5. This revision allows the company to raise 88% more than initially planned, achieving a market value of $139 million. Founded in 2017, EvoAir specializes in HVAC products and operates in China and Malaysia. The company aims to list on Nasdaq under the symbol EVOH, with Network 1 Financial Securities as the sole bookrunner.
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