Stock Track | Oriental Rise Holding's Stock Soars 27.50% on Successful IPO Pricing

Stock Track10-17

Shares of Oriental Rise Holding Limited (NASDAQ: ORIS), a supplier of tea products in mainland China, surged 27.50% to close at $5.10 on Thursday, following the company's successful pricing of its initial public offering (IPO).

On Wednesday, Oriental Rise Holding announced that it had priced its IPO of approximately 1.8 million ordinary shares at $4 per share, raising gross proceeds of $7 million. The company granted the underwriter a 45-day option to purchase up to 262,500 additional shares.

The strong debut performance of Oriental Rise Holding's stock reflects investor enthusiasm for the company's business prospects and growth potential. The proceeds from the IPO will be used to settle payments related to certain contractual agreement rights of tea gardens, construct a production plant, purchase equipment, and fund other operational needs.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1178036465?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-17 22:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1178036465","market":"us","top_or_hot":-1,"title":"Stock Track | Oriental Rise Holding's Stock Soars 27.50% on Successful IPO Pricing","media":"Stock Track","content":"<p>Shares of Oriental Rise Holding Limited (NASDAQ: ORIS), a supplier of tea products in mainland China, surged 27.50% to close at $5.10 on Thursday, following the company's successful pricing of its initial public offering (IPO).</p>\n\n<p>On Wednesday, Oriental Rise Holding announced that it had priced its IPO of approximately 1.8 million ordinary shares at $4 per share, raising gross proceeds of $7 million. The company granted the underwriter a 45-day option to purchase up to 262,500 additional shares.</p>\n\n<p>The strong debut performance of Oriental Rise Holding's stock reflects investor enthusiasm for the company's business prospects and growth potential. The proceeds from the IPO will be used to settle payments related to certain contractual agreement rights of tea gardens, construct a production plant, purchase equipment, and fund other operational needs.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Oriental Rise Holding's Stock Soars 27.50% on Successful IPO Pricing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Oriental Rise Holding's Stock Soars 27.50% on Successful IPO Pricing\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-17 22:22 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Oriental Rise Holding Limited (NASDAQ: ORIS), a supplier of tea products in mainland China, surged 27.50% to close at $5.10 on Thursday, following the company's successful pricing of its ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ORIS","symbol_name":"闽东红集团","start_time":0,"source_url":"","article_id":"1178036465","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178036465","pubTimestamp":1729174946,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Oriental Rise Holding Limited , a supplier of tea products in mainland China, surged 27.50% to close at $5.10 on Thursday, following the company's successful pricing of its initial public offering .On Wednesday, Oriental Rise Holding announced that it had priced its IPO of approximately 1.8 million ordinary shares at $4 per share, raising gross proceeds of $7 million. The company granted the underwriter a 45-day option to purchase up to 262,500 additional shares.The strong debut perfor","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ORIS":"闽东红集团"},"translate_title":"股票赛道东方崛起控股IPO定价成功股价飙升27.50%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ORIS":1},"content_text":"Shares of Oriental Rise Holding Limited (NASDAQ: ORIS), a supplier of tea products in mainland China, surged 27.50% to close at $5.10 on Thursday, following the company's successful pricing of its initial public offering (IPO).\nOn Wednesday, Oriental Rise Holding announced that it had priced its IPO of approximately 1.8 million ordinary shares at $4 per share, raising gross proceeds of $7 million. The company granted the underwriter a 45-day option to purchase up to 262,500 additional shares.\nThe strong debut performance of Oriental Rise Holding's stock reflects investor enthusiasm for the company's business prospects and growth potential. The proceeds from the IPO will be used to settle payments related to certain contractual agreement rights of tea gardens, construct a production plant, purchase equipment, and fund other operational needs.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1178036465"}