Northann, Parent of Benchwick, Successfully Launches IPO
Elk Grove, CA, October 24, 2023 - Benchwick, a producer of 3D-printed flooring technologies and a subsidiary of Northann Corp., celebrates the successful closure of Northann Corp.'s Initial Public Offering (IPO).
Initially comprising 1,200,000 shares of common stock priced at $5 per share, the IPO officially closed on October 23, 2023, reinforcing Northann's standing in the market. The common stock has already begun trading under the ticker symbol "NCL" on NYSE American.
Following the successful closure of the IPO, Benchwick is well-positioned to accelerate its research and development activities and to reimagine the market opportunities in the industry. Given that the North American market generates over 90% of Benchwick's revenue, these advancements are poised to offer substantial regional benefits.