Elong Power Holding Ltd. [ELPW] - IPO Pricing
Elong Power Holding Ltd. is set to offer 9,000,000 Class A Ordinary Shares as part of its IPO, with the offering size and price per share not disclosed in the filing excerpt.
Why this matters
Elong Power Holding Ltd. is a Cayman Islands holding company that operates through its subsidiary in China, focusing on the miscellaneous electrical machinery, equipment, and supplies sector. The company is proceeding with an initial public offering (IPO) of 9,000,000 Class A Ordinary Shares, although the specific offering size and price per share have not been disclosed. The shares began trading on the Nasdaq following a series of share consolidations, with the most recent being an eighty-for-one consolidation effective March 10, 2026. The offering price for the units in this IPO is set at $0.40 per unit.