NaaS Technology Inc. American Depositary Shares (NAAS)

Investors Charge Up XCHG Stock In Scaled-Back IPO

XCHG, an EV charging company, saw its shares nearly triple in their first week of trading after raising $20.7 million in a scaled-back Nasdaq IPO. The company's revenue and profit have been growing, but it warned of a slowdown in the second quarter. XCHG faces competition, especially in China, but its focus on the European market and its Net Zero Series products could give it a modest edge.

NaaS Technology Inc. Reports Unaudited 2023 Fourth Quarter and Full Year Financial Results

BEIJING, March 28, 2024 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (“NaaS” or the “Company”) (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.