12:35 PM EDT, 04/03/2025 (MT Newswires) -- Lianhe Sowell International Group (LHSW) stock climbed more than 69% when it started trading on the Nasdaq Capital Market Thursday.

The company announced early Thursday the pricing of its initial public offering of 2 million ordinary shares at $4.00 apiece for gross proceeds of $8 million.

The company said it offered underwriters a 30-day overallotment option to purchase up to 300,000 additional ordinary shares.

Net proceeds will be used to expand its machine vision business and spray painting robot segment as well as for general corporate purposes and working capital, Lianhe said.

The offering is expected to close Friday, the company said.

Price: 6.79, Change: +2.79, Percent Change: +69.75