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Cheetah Net shares fall 19% after IPO closes

Published: Aug 3, 2023 at 3:33pm ET

By Denny Jacob

Shares of Cheetah Net Supply Chain Service plummeted 19% to $3.40 after completing an initial public offering of about 1.3 million Class A common shares.

The parallel import vehicle supplier priced each share at $4 for gross proceeds of $5 million before deducting underwriting discounts and offering costs.

By Denny Jacob

Shares of Cheetah Net Supply Chain Service plummeted 19% to $3.40 after completing an initial public offering of about 1.3 million Class A common shares.

The parallel import vehicle supplier priced each share at $4 for gross proceeds of $5 million before deducting underwriting discounts and offering costs.

Share trading on the Nasdaq Capital Market began Tuesday under the ticker symbol CTNT.

Write to Denny Jacob at [email protected]

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