12:17 PM EST, 12/27/2024 (MT Newswires) -- Park Ha Biological Technology (PHH) shares were rising in their debut on Nasdaq Friday after the company priced its initial public offering of 1.2 million shares at $4 per share to raise gross proceeds of $4.8 million.

The stock was up more than 6% at $4.25 in recent trading after opening at $4.10.

The skincare products maker based in China has granted its underwriters a 45-day option to purchase up to an additional 180,000 shares. The offering is expected to close Dec. 30.

Price: 4.25, Change: +0.25, Percent Change: +6.25