EPWK Holdings, which operates an online freelance and crowdsourcing marketplace in China, raised $11 million by offering 2.8 million shares at $4.10, toward the low end of the range of $4 to $6.
EPWK Holdings, which announced its pricing mid-day Thursday, closed its first day one penny above offer at $4.11.
Based in Xiamen, China, EPWK operates a digital crowdsourcing marketplace where micro, small, and medium-sized businesses from various industries can contact services providers, including student artists, professional designers, part-time freelancers, and others. The company booked $20 million in revenue during the 12 months ended June 30, 2024.
EPWK Holdings listed on the Nasdaq under the symbol EPWK. Cathay Securities and Revere Securities acted as joint underwriters on the deal.
