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Stock Markets February 18, 2026 12:49 PM

SharonAI Lists on Nasdaq, Opens Slightly Above IPO Price

Australian cloud GPU specialist begins Nasdaq trading with modest first-day lift after $125 million offering

By Jordan Park
SharonAI Lists on Nasdaq, Opens Slightly Above IPO Price

SharonAI Holdings Inc. started trading on the Nasdaq Capital Market at $30.24 per share, a small gain over its $30 per share IPO price. The Australian Neocloud firm raised about $125 million by selling 4,166,666 Class A Ordinary shares, with the deal led by funds managed by Oaktree Capital Management and Two Seas Capital. Lucid Capital Markets served as sole book-running manager, and the company has granted a 45-day option for additional share purchases.

Key Points

  • SharonAI opened on the Nasdaq at $30.24, slightly above its $30 IPO price, reflecting modest immediate market movement - impacts equity markets and AI infrastructure sector.
  • The company raised roughly $125 million by selling 4,166,666 Class A Ordinary shares, with the offering led by funds managed by Oaktree Capital Management, L.P. and Two Seas Capital LP - impacts institutional investment activity.
  • Proceeds are earmarked for purchasing GPU-focused equipment and for working capital, supporting SharonAI's cloud GPU platform intended to accelerate AI factories and sovereign AI solutions - impacts cloud computing and AI infrastructure markets.

SharonAI Holdings Inc. began trading on the Nasdaq Capital Market on Wednesday at $30.24 per share, a slight uptick from its initial public offering price of $30. The company, an Australian Neocloud operator focused on high-performance computing for artificial intelligence and cloud GPU infrastructure, completed an offering that generated approximately $125 million in gross proceeds.

The firm sold 4,166,666 shares of its Class A Ordinary Common Stock in the IPO. Funds managed by Oaktree Capital Management, L.P. and Two Seas Capital LP led the offering, with substantial participation from several other institutional investors. Prior to the Nasdaq listing, SharonAI had been trading on the OTCPK; shares now trade under the symbol NASDAQ:SHAZ.

SharonAI intends to deploy the net proceeds to purchase additional GPU-focused equipment and to support working capital and other general corporate purposes. The company describes its cloud GPU platform as a tool to accelerate the development of AI factories and sovereign AI solutions.

Lucid Capital Markets acted as the sole book-running manager for the transaction. As part of the underwriting agreement, SharonAI granted the underwriter a 45-day option to acquire up to an additional 625,000 shares at the public offering price, less underwriting discounts and commissions.

Context and market activity

Opening marginally above its IPO price indicates modest initial market demand for SharonAI's shares on the Nasdaq debut. The company’s capital raise of about $125 million was achieved through the sale of 4,166,666 shares, backed by institutional participation led by funds managed by Oaktree Capital Management, L.P. and Two Seas Capital LP. Lucid Capital Markets served as the sole book-running manager for the offering.

What the company will fund

  • Acquisition of additional GPU-focused equipment.
  • Working capital and other general corporate purposes.

Listing details

  • Ticker: NASDAQ:SHAZ.
  • Previous listing: OTCPK.
  • Underwriter 45-day over-allotment option: up to 625,000 additional shares.

Risks

  • Potential dilution risk from the underwriter's 45-day option to purchase up to 625,000 additional shares, which could increase share count if exercised - affects current shareholders and equity valuation.
  • Reliance on the IPO net proceeds to fund GPU equipment acquisitions and working capital introduces execution risk if capital is redeployed differently or proves insufficient - affects the company's operational plans in the cloud GPU and AI infrastructure sector.
  • Initial trading only slightly above the IPO price suggests limited immediate market momentum for the shares, indicating uncertain short-term investor demand - affects market liquidity and sentiment for the stock.

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