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Summary
- Wunong Net Technology soared over 440 per cent on the first day of its listing on NASDAQ. The e-commerce food retailer is now a unicorn based on its present market cap.
- NXTD stock climbed over 194 per cent in the last one month, driven by its digital financial offerings.
- NXTD scrips surged with a massive volume of 308 million units and gained over 89 per cent on December 16.
Wunong Net Technology Co. Ltd. (NASDAQ: WNW, WNW: US), a Chinese e-commerce company retailing food products, debuted on NASDAQ on December 16. The online restaurant firm launched an initial public offering (IPO) of 5 million stocks at US$ 5.00 per unit to raise US$ 25 million. On the very first day of its listing, the stock rocketed over a whopping 440 per cent.
Internet of Things (IoT) firm NXT-ID Inc (NASDAQ: NXTD, NXTD: US) recorded massive one-day stock trading volume of 308 million units. Its 10-day average trading volume now stands at 34 million units. The tech business service provider stock zoomed over 89 per cent on December 16.
Let us take a deeper dive into WNW and NXTD stock developments:
Wunong Net Technology Company Limited (WNW: US or NASDAQ: WNW)
Current Stock Price: US$ 65.10
Wunong Net Technology manages an online food retail platform and restaurant chain in Shenzhen, China. The company offers organic food, cultural heritage food products, and eco-friendly goods.
Its underwriters, Boustead Securities, LLC and Brilliant Norton Securities Company Limited, also bought 999,910 common stocks from a selling unitholder for US$ 4,999,550 that led to its total offering amount to US$ 29,999,550.
The company planned to raise nearly US$ 30 million from the IPO, but crossed the billion-market with a current market cap of approximately US$ 1.63 billion.
The stock offers a positive return on equity of 91.60 per cent. On the first day of stock trading, more than 3.2 million Wunong units changed hands.
NXT-ID Inc. (NXTD: US or NASDAQ: NXTD)
Current Stock Price: US$ 0.924
Nxt-ID Inc is an Internet of Things (IoT) company that offers proprietary products and solutions serving multiple end markets such as security, healthcare, and financial services.
The firm offers smart wallet service through Wocket. It also has Flye, a digital credit card wing, built in association with WorldVentures.
The stock’s bull run is likely linked to the recent Bitcoin success. The company has not filed any exchange report this month.
The stock has yielded over 105 per cent returns year-to-date (YTD) and over 194 per cent in the last one month.
Its present price-to-book (P/B) ratio stands at 4.863, and the price-to-cashflow (P/CF) ratio is 19.60. Its debt-to-equity ratio stands at 1.47, as per the TMX portal.
