Trident Digital opens at $4.50, IPO priced at $5 per ADS

Trident Digital Tech Holdings, a digital transformation enabler in the small and medium enterprise, or the SME, segment of the e-commerce enablement and digital optimization services market in Singapore, priced its initial public offering of 1.8M American Depositary Shares, or “ADSs,” each one ADS representing eight Class B Ordinary Shares of the company, at a price to the public of $5.00 per ADS. The deal range was $5.00-$7.00. WallachBeth and Revere acted as joint book running managers for the offering.