04:33 AM EDT, 04/02/2024 (MT Newswires) -- Zhibao Technology said late Monday it priced its initial public offering of 1.5 million class A ordinary shares at $4 per share.

Underwriters have been granted a 45-day option to purchase up to 225,000 additional shares to cover over-allotments.

Shares are expected to debut on the Nasdaq Capital Market this Tuesday under the ticker symbol, "ZBAO."

The offering is set to close on Wednesday, subject to customary closing conditions.