Rich Sparkle Holdings Shares Tumble on Third Day of Trading

Dow Jones

Jul 11

By Natalie Weger

Rich Sparkle Holdings shares tumbled Thursday, falling below the price of its initial public offering on the third day of trading.

Shares plunged 20% to $3.81, falling below the $4 IPO pricing Monday night. The stock gained 35% Wednesday, closing at $4.76.

The Hong Kong-based financial printing and corporate services company said Wednesday that it completed the $5 million IPO, where it offered 1.25 million shares.

The company said it will use proceeds to incorporate generative AI features into its service modules, set up new offices in the U.S., recruit staff, form partnerships with other companies and other general corporate expenses.

Write to Natalie Weger at natalie.weger@wsj.com

(END) Dow Jones Newswires

July 10, 2025 12:24 ET (16:24 GMT)

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The stock gained 35% Wednesday, closing at $4.76. \n</p>\n<p>\n  The <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a>-based financial printing and corporate services company said Wednesday that it completed the $5 million IPO, where it offered 1.25 million shares. \n</p>\n<p>\n  The company said it will use proceeds to incorporate generative AI features into its service modules, set up new offices in the U.S., recruit staff, form partnerships with other companies and other general corporate expenses. \n</p>\n<p>\n  Write to Natalie Weger at natalie.weger@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2025 12:24 ET (16:24 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ANPA","symbol_name":"Rich Sparkle Holdings Limited","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2550871627","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550871627","pubTimestamp":1752164640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Rich Sparkle Holdings shares tumbled Thursday, falling below the price of its initial public offering on the third day of trading.Shares plunged 20% to $3.81, falling below the $4 IPO pricing Monday night. 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The stock gained 35% Wednesday, closing at $4.76. \n\n\n  The Hong Kong-based financial printing and corporate services company said Wednesday that it completed the $5 million IPO, where it offered 1.25 million shares. \n\n\n  The company said it will use proceeds to incorporate generative AI features into its service modules, set up new offices in the U.S., recruit staff, form partnerships with other companies and other general corporate expenses. \n\n\n  Write to Natalie Weger at natalie.weger@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 10, 2025 12:24 ET (16:24 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}