NAMI Completes IPO on Nasdaq, Raising $5 Million

Dec 11, 2024

Jinxin Technology Holding Company, operating as Nanibox (NAMI, Financial), announced the completion of its initial public offering (IPO) on Nasdaq, issuing 1,250,000 American Depositary Shares (ADS) at $4.00 each. The IPO raised a total of $5 million before deductions. Nanibox is China's largest K-9 digital textbook provider, holding a 12.7% market share in 2022. In the first half of 2024, the company reported a net income of $46 million, a 16.5% increase from the previous year. The funds from the IPO will be allocated to product development, marketing, talent recruitment, and strategic investments.

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