11:21 AM EST, 02/28/2025 (MT Newswires) -- Webus International ( WETO ) closed its initial public offering of 2 million shares at $4 apiece for gross proceeds of $8 million.

Underwriters have a 45-day overallotment option to purchase up to an additional 300,000 shares, the company said Friday in a statement.

The shares debuted Thursday on the Nasdaq Capital Market.

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