Marwynn Holdings started trading at $4.60 with an IPO price of $4.00.

Marwynn Holdings, Inc., a leading provider of supply chain solutions for food, non-alcoholic beverages, and home improvement products, has officially begun trading on the Nasdaq Capital Market today. Following its initial public offering (IPO) at a price of $4.00, the company’s shares opened at $4.60.

Yesterday, Marwynn announced the pricing of its IPO, which includes 2,000,000 shares of common stock with a nominal value of $0.001 each. The company anticipates gross proceeds of approximately $8,000,000 from the offering before deducting underwriting discounts and estimated offering expenses to be paid by Marwynn. This estimate does not account for the potential exercise of the overallotment option. Marwynn's shares are currently traded under the ticker symbol "MWYN." As part of the IPO, Marwynn granted American Trust Investment Services, Inc. a 45-day option for an overallotment of up to 300,000 additional shares at the IPO price.