Stock Track | CCH Holdings Soars 33% in Nasdaq Debut Following $5 Million IPO

Stock Track10-04

CCH Holdings Ltd. (CCHH), a Malaysia-based hotpot restaurant chain, saw its stock price soaring 33% during intraday trading on Friday, marking a successful debut on the Nasdaq stock exchange. The significant surge comes on the heels of the company's initial public offering (IPO) announcement.

The company priced its IPO at $4 per share, offering 1.25 million shares to raise a total of $5 million. The strong market reaction suggests investors' enthusiasm for the restaurant chain's growth prospects. CCH Holdings has stated that the proceeds from the IPO will be used for expansion, investments, and general corporate purposes, indicating potential for future growth.

Adding to investor interest, the IPO's underwriters have been granted a 45-day option to purchase up to an additional 187,500 shares. This over-allotment option, if exercised, could further boost the company's capital raise. The offering is expected to close on October 6, 2025, potentially providing more clarity on the total funds raised and investor demand.

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