Anlin Financial Printing IPO priced at $4 per share, closing flat on the first day of listing

Hong Kong financial communication company Anlin Financial Printing issued 1.43 million shares of stock at a price of $4 per share (the lower end of the $4-6 range), raising $5.7 million. The company initially applied to issue 1.65 million shares of stock. Anlin Financial Printing was listed on Nasdaq on Thursday, with the stock rising to $4.7 at one point during the trading session and closing at $4.0. However, the stock rose 5.75% in after-hours trading on Thursday, reaching $4.23. Anlin Financial Printing was established in 2019, primarily providing financial communication services to corporate clients and their advisors in Hong Kong to support the compliance and trading needs of the capital markets. Its clients include domestic and foreign companies listed on the Hong Kong Stock Exchange, as well as companies and their advisors seeking listing on the Hong Kong Stock Exchange. WallachBeth Capital is the sole bookrunner for this transaction