ismagilov
Golden sky (NASDAQ:GDHG), a Chinese amusement park operator, raised $7 million through a reduced US initial public offering on Wednesday.
Golden Heaven shares opened at $4, hitting a high of $4.20 and a low of $3.60. The stock recently changed hands at $4.08, up 2% from its IPO price, approximately 11:40 am ET, according to data from Yahoo Finance.
The amusement park operator offered 1.75 million shares at a price of $4 per share. Revere Securities and RF Lafferty & Co. are acting as joint brokers.
Golden Heaven cut the size of the initial public offering by nearly 70% last month to $9 million from $27 million. The company had originally filed to raise $35 million.