IPO - Wellchange Holdings Co Ltd

Form Type: 424B4

Filing Date: 2025-01-16

Corporate Action: Ipo

Type: New

Accession Number: 000121390025004093

Filing Summary: Wellchange Holdings Company Limited is initiating an initial public offering (IPO) to offer up to 25,000,000 ordinary shares at an offering price of US$0.40 per share. Following the announcement of its IPO closure on January 3, 2025, the shares have experienced significant trading volatility, with a price range from $0.94 to $9.36. As of January 13, 2025, the last reported sales price was US$1.54. Funds raised will be used immediately by the company, despite uncertainties regarding the use of funds to effectively implement business plans. It is noted that Wellchange is a holding company based in the Cayman Islands, with its operations conducted through a subsidiary in Hong Kong, indicating potential regulatory risks from the People’s Republic of China (PRC). The company is described as facing risks related to potential PRC governmental intervention, particularly concerning the operations and capital movements of its subsidiary Wching HK. The prospectus emphasizes that investing carries high risks, including possible loss of entire investments due to the complexities of operating in Hong Kong and regulatory challenges posed by the PRC. The company is categorized as an 'emerging growth company,' which affords it reduced public reporting requirements. Furthermore, the document discusses possible auditor inspection issues under U.S. regulations and indicates no current plans for dividend distributions in the foreseeable future, emphasizing a focus on operations and capital handling within the constraints placed by regional laws.

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Form Type: CORRESP

Filing Date: 2025-01-13

Corporate Action: Ipo

Type: New

Accession Number: 000121390025002925

Filing Summary: Wellchange Holdings Company Limited submitted a request for acceleration of the effectiveness of its Registration Statement on Form F-1 (File No. 333-284034) to the U.S. Securities and Exchange Commission. The company aims for the registration statement to become effective on January 14, 2025, at 4:00 p.m. Eastern Time, or as soon thereafter as practicable. This action indicates an intent to initiate an Initial Public Offering (IPO).

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Form Type: CORRESP

Filing Date: 2025-01-13

Corporate Action: Ipo

Type: New

Accession Number: 000121390025002928

Filing Summary: Wellchange Holdings Company Limited filed a request for acceleration of their Registration Statement on Form F-1, seeking effectiveness by 4:00 p.m. Eastern Time on January 14, 2025. The request is made by Revere Securities LLC, the placement agent for the proposed offering, confirming compliance with Rule 15c2-8 under the Securities Exchange Act of 1934.

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Form Type: F-1

Filing Date: 2024-12-23

Corporate Action: Ipo

Type: New

Accession Number: 000121390024112033

Filing Summary: Wellchange Holdings Company Limited, a Cayman Islands company, has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for an initial public offering of up to 25,000,000 ordinary shares at an assumed offering price of $0.40 per share. The company offers its shares in a best efforts basis, and the final public offering price will be determined through negotiations based on various factors. As of December 20, 2024, the last reported price of the shares on the Nasdaq Capital Market was $1.04. The offering follows the company's recent market activities where shares traded between $0.94 and $9.36. Investors should be aware of the risks related to regulatory supervision by the PRC government and its potential impacts on operations and securities offerings. The prospectus highlights that Wellchange operates through its wholly-owned subsidiary in Hong Kong, without operations in Mainland China and addresses uncertainties stemming from potential future interventions by the PRC government regarding foreign investments. It also discusses a range of risks associated with investing in the ordinary shares, including financial performance and regulatory compliance issues. The offering proceeds will be accessible for immediate use, contingent on sales completion.

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Form Type: DRS

Filing Date: 2024-12-18

Corporate Action: Ipo

Type: New

Accession Number: 000121390024110174

Filing Summary: Wellchange Holdings Company Limited is filing a registration statement for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. This filing is made under the Jumpstart Our Business Startups Act of 2012, indicating it is a confidential submission not intended for public filing. The company plans to offer up to a certain number of ordinary shares at an assumed price based on their last reported sale. The firm operates as a holding company based in the Cayman Islands and conducts all business through its subsidiary in Hong Kong. The document outlines the risk factors associated with investing in the company, including regulatory challenges from the PRC government, the potential for share delisting, and the need for cash transfers among subsidiaries. It also highlights that the largest shareholder will retain control post-offering, which could affect future governance and shareholder interests.

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