Texxon Holding Limited (NASDAQ: NPT), a leading supply chain management provider for the plastics and chemical industries in East China, has announced that the underwriters of its initial public offering exercised in full their option to purchase an additional 285,000 ordinary shares at $5.00 per share. This brings the total gross proceeds to $10.93 million before underwriting discounts and expenses. The ordinary shares began trading on the Nasdaq Capital Market on Oct. 22, 2025, with D. Boral Capital LLC serving as the sole book-running manager.
The full exercise of the over-allotment option signals strong investor demand for Texxon's shares and confidence in the company's business model. Texxon provides a technology-enabled platform that offers a full spectrum of supply chain management services to small and medium-sized enterprises (SMEs) in China, including procurement, shipping and logistics, payments, and fulfillment services. The company aims to build the largest one-stop plastic and chemical raw material supply chain management platform in China, streamlining the complex and labor-intensive procurement process and enhancing convenience, cost-effectiveness, and efficiency for customers.
Texxon has built a highly scalable distributed software architecture for continuous improvement and an effective User Experience Design (UED) process to improve customer experience. With over a decade of experience, the company has amassed substantial transaction data, including supplier and customer information, price trends, category-specific price indexes, and market demand volume, to analyze price trends and market demands and make informed decisions.
The additional capital from the over-allotment will likely be used to further expand Texxon's platform and services, potentially accelerating its growth in the plastics and chemical supply chain market. The company's successful IPO and the full exercise of the over-allotment option highlight the growing interest in technology-driven supply chain solutions in China.
For more information about Texxon Holding Limited, visit the company's website at ir.npt-cn.com. The full press release can be viewed at https://ibn.fm/yxdOI.
