Chinese chemicals distributor Texxon
Chinese chemicals distributor Texxon
Chinese chemicals distributor Texxon sets terms for $9 million US IPO
Texxon Holding, a Chinese distributor of plastics and chemicals, announced terms for its IPO on Monday.
The Shanghai, China-based company plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Texxon Holding would command a market value of $99 million.
Through its operating subsidiary Zhejiang Net Plastic Technology Co., Texxon offers over 3,600 plastic and chemical SKUs, aiming to provide a one-stop shop to streamline procurement for its network of 2,213 suppliers and 3,528 customers. It solutions include product search and matching, recommendations, order management and payments, and delivery logistics.
Texxon Holding was founded in 2011 and booked $673 million in sales for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol NPT. D. Boral Capital is the sole bookrunner on the deal.
Texxon Holding, a Chinese distributor of plastics and chemicals, announced terms for its IPO on Monday.
The Shanghai, China-based company plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Texxon Holding would command a market value of $99 million.
Through its operating subsidiary Zhejiang Net Plastic Technology Co., Texxon offers over 3,600 plastic and chemical SKUs, aiming to provide a one-stop shop to streamline procurement for its network of 2,213 suppliers and 3,528 customers. It solutions include product search and matching, recommendations, order management and payments, and delivery logistics.
Texxon Holding was founded in 2011 and booked $673 million in sales for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol NPT. D. Boral Capital is the sole bookrunner on the deal.