12:34 PM EDT, 10/22/2025 (MT Newswires) -- Texxon (NPT) shares were nearly flat in recent Wednesday trading after the Chinese distributor of plastics and chemicals marked its Nasdaq debut at $5.15 per share, higher than the $5-per-share IPO price.

The offering is expected to close by Thursday, Texxon said.

The company plans to use the offering's proceeds to build and expand a polystyrene factory in Henan, upgrade its supply-chain platform, and fund working capital, according to a statement.

Price: 4.95, Change: -0.05, Percent Change: -1.00