Hogan Lovells advises on the U.S. IPO of Trident Digital Tech Holdings Ltd
Global law firm Hogan Lovells acted as U.S. counsel to Trident Digital Tech Holdings Ltd (NASDAQ: TDTH) (“Trident”) in its Initial Public Offering (IPO) and listing on the Nasdaq.
Trident is a leading digital transformation enabler in the small and medium enterprise segment of the e-commerce enablement and digital optimizing services market in Singapore. Trident offers business and technology solutions that are designed to optimize clients’ experiences with their customers by driving digital adoption and self-service. Its clients are primarily in the e-commerce, food and beverage, fintech, healthcare and services, wholesale and retail, etc. sectors.
Trident issued 1.8 million American Depositary Shares at a price of US$5.00 per share, raising a total of US$9 million in gross proceeds from the IPO. It expects to use the net proceeds from the sale of the shares to develop the Tridentity Web 3.0 e-commerce platform and solutions, for investments in the Singapore market, and for potential strategic investments and mergers and acquisitions in Southeast Asia and around the world.
Head of Private Equity in Greater China, Stephanie Tang, led the Hogan Lovells team on this transaction.
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