Decent Holding, which provides waste water and river treatment services in China, raised $5 million by offering 1.3 million shares at $4.00, the low end of the range of $4.00 to $4.50. The company offered 0.25 million fewer shares than anticipated.
Decent Holding's offerings include the provision of wastewater treatment, river water quality management, and the sale of microbial products, which are used for water quality enhancement and pollutant removal. The waste water treatment in China is estimated to be a $21+ billion dollar industry as of 2023.
Decent Holding plans to list on the Nasdaq under the symbol DXST. Craft Capital Management and D. Boral Capital acted as joint bookrunners on the deal.
