Decent Holding Debuts on Nasdaq with $5M IPO

Decent Holding Inc., a wastewater treatment services provider based in China, successfully closed its initial public offering (IPO) on January 23, 2025, raising $5 million by offering 1,250,000 shares at $4.00 each. The shares began trading on the Nasdaq under the ticker symbol 'DXST' on January 22, 2025. The IPO was conducted on a firm commitment basis, with Craft Capital Management LLC and D. Boral Capital LLC serving as underwriters. The company plans to utilize the net proceeds for business expansion, research and development, and enhancing its river water quality management services. Additionally, Decent Holding has granted underwriters an option to purchase up to 187,500 additional shares to cover over-allotments. The wastewater treatment sector in China is anticipated to grow significantly, with estimates exceeding $21 billion as of 2023.