02:28 PM EDT, 05/17/2024 (MT Newswires) -- JIADE (JDZG) shares soared almost 54% to $12.80 in recent Friday trading after the company said it has completed its initial public offering of 2 million shares at $4 apiece.

The stock began trading on Nasdaq on May 15.

The education supporting services firm in China said the use of proceeds include for expanding its sales and operation teams, for buying vocational education and training institutions, and for working capital and other general corporate purposes.

Price: 12.80, Change: +4.48, Percent Change: +53.82