Univest Securities, LLC Announces Closing of $16 Million Initial Public Offering of Class A Ordinary Shares for its Client Lichen China Limited
New York, Feb. 08, 2023 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of an initial public offering (the “Offering”) of 4,000,000 Class A ordinary shares at a public offering price of US$4.00.
The Offering
Univest Securities, LLC has successfully closed an initial public offering of 4,000,000 Class A ordinary shares for its client, Lichen China Limited, at a public offering price of US$4.00 per share. This marks an important milestone for both Univest and Lichen China Limited as they seek to raise capital and expand their presence in the market.
The Offering is expected to raise a total of $16 million for Lichen China Limited, which will be used for various purposes including research and development, marketing, and general corporate purposes. This influx of capital will provide Lichen China Limited with the resources needed to drive growth and innovation within their industry.
Impact on Me
As an individual investor, the closing of this initial public offering may present new investment opportunities in the market. It is important to conduct thorough research and due diligence before making any investment decisions related to Lichen China Limited or companies within a similar industry.
Impact on the World
The successful completion of this initial public offering demonstrates the continued interest and confidence in the market. It signals potential growth and expansion opportunities for companies looking to raise capital and drive innovation. The impact of this offering may extend beyond financial markets, influencing industry trends and technological advancements.
Conclusion
In conclusion, the closing of the $16 million initial public offering of Class A ordinary shares for Lichen China Limited showcases the commitment of Univest Securities, LLC to providing strategic financial solutions for its clients. This milestone not only highlights the potential for growth and expansion within the market but also presents new opportunities for investors and industry stakeholders to participate in the company’s journey towards success.
