Shares of One and One Green Technologies (NASDAQ: YDDL) surged 15.00% in their market debut on Thursday, following the company's initial public offering (IPO) that raised $10 million. The Philippines-based waste materials and scrap metal recycling company priced its IPO at $5.00 per share, offering 2 million Class A ordinary shares to the public.
The strong market reception reflects investor interest in One and One Green's business model and growth prospects. The company, which operates through its entities Yoda Metal and Craft Trading and Services Corp. and DL Metal Corporation, specializes in recycling electronic waste, metal scrap, and industrial materials. One and One Green boasts a government-issued license to import hazardous waste as raw materials into the Philippines and has a permitted annual processing capacity of approximately 300,000 tons.
One and One Green Technologies' shares are now trading on the Nasdaq Capital Market under the ticker symbol "YDDL". The company has granted underwriters a 30-day option to purchase up to an additional 300,000 shares to cover over-allotments. With its environmentally friendly technologies and plans to expand sourcing from Japan and South Korea, One and One Green aims to broaden its presence across Southeast Asia and other international markets, potentially driving future growth and investor interest.
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