SharonAI opens at $30.24, IPO priced at $30 per share

Sharon AI, an Australian high-performance computing company focused on artificial intelligence and cloud GPU compute infrastructure, priced its initial public offering in the United States of 4,166,666 shares of its Class A ordinary common stock at a public offering price of $30.00 per share. The company intends to use the net proceeds from the offering to acquire additional GPU focused equipment and for working capital and other general corporate purposes. Prior to listing on the Nasdaq Capital Market, the company’s common stock traded on the OTCPK. Lucid Capital Markets is acting as the sole book-running manager for the offering.