- IPO & Listing: One & One Green Technologies (NASDAQ:YDDL) priced 2.0 million Class A shares at $5.00 each on Oct 9, 2025, raising $10 million [1]. All shares are company-raised; Cathay Securities acted as sole underwriter [2]. The shares began trading Oct 9 under the ticker “YDDL” [3].
- Stock Price: YDDL closed its first trading day at $5.42 (up 8.4%) [4] on robust volume (~523.6K shares) [5]. Intraday it ranged from $4.60 to $6.00 [6]. In pre-market trading Oct 10, the stock ran up to ~$7.43 (+37%) [7] and was trending up ~200% pre-market (Stocktwits reported YDDL up over 200% by Friday) [8]. (Market cap is roughly $295M based on ~55M shares outstanding [9].)
- Aftermarket Spike: In extended hours on Oct 9, YDDL “spiked dramatically… climbing above $10” [10] (nearly +100%). Retail traders have taken note: on StockTwits the ticker was trending, with one user noting the IPO buzz reminded him of a meme-stock run [11].
- Company & Business: One & One Green is a Philippines‑based scrap metal and waste recycling company. It owns two operating subsidiaries (Yoda Metal and DL Metal) that recycle and trade scrap metal. The firm holds a rare government license to import hazardous waste into the Philippines as raw material [12]. Its permitted capacity is about 300,000 tons per year [13]. The company processes scrap into high-value end-products – notably copper-alloy ingots, aluminum scrap and plastic beads [14] – and markets these for industrial use.
- Environmental Focus: The company brands itself as a “green” recycler. Its website proclaims: “Dedicated to environmental sustainability, we provide adaptable recycling solutions for electronic waste, metal scrap, and industrial materials” [15]. Management emphasizes eco-friendly innovation: for example, it has an exhaust-gas-recirculation system (approved by the Philippines Environmental Management Bureau) that reduces emissions and captures metals from fumes [16]. As One & One’s CEO put it, their “low-cost alternatives” for scrap recycling “not only contribute to environmental sustainability but also highlight our role as a modern and specialized recycling company” [17] [18].
- Financials & Valuation: By end-2024 the firm had revenue ≈$53.5 M and net income ≈$6.5 M (TTM) [19]. At a $5.42 price, the stock’s trailing P/E is ~46x [20], implying a premium valuation compared to mature industrial peers. (Some data sites note the market price implies ~53% over fair value [21], reflecting the hype-driven rally.) No traditional Wall Street analyst ratings or price targets are yet available for YDDL.
- Industry & Market: The global scrap metal recycling market is enormous – about $421 billion in 2024 and growing ~3.9% annually [22]. Asia-Pacific alone accounts for ~51% of that market [23]. Southeast Asia’s metal recycling sector is projected to double by 2033 (from ~$9.48 B in 2024 to ~$18.3 B, ~7.6% CAGR) [24], driven by strict environmental regulations [25] and rising demand for sustainable materials. YDDL’s niche in hazardous waste recycling and its Philippine base position it to tap this regional growth.
Company Overview
One & One Green Technologies (YDDL) is a Philippines-headquartered recycling company. It describes itself as “a waste materials and scrap metal recycling company” that processes discarded electronics and industrial scrap into reusable materials [26]. Through its Philippine units, it “engages in the recycling, production, and trading of scrap metals” [27]. Crucially, One & One holds a government-issued license to import hazardous waste (which few recyclers have) and can process ~300,000 tons annually [28]. The raw waste (plastic, metals, etc.) is melted or processed into products – e.g. copper-alloy ingots, aluminum scrap, tin, zinc and iron – that are sold back to manufacturers [29] [30].
Management stresses sustainability: “By providing lower-cost alternatives for processing recycled materials, we… contribute to environmental sustainability” [31]. Indeed, the firm emphasizes “adaptive recycling solutions” that are “cost-effective & environmentally responsible” [32]. Its web site explicitly commits to a “green future”, offering flexible e‑waste and scrap solutions [33]. In practice, One & One has developed specialized technology (e.g. exhaust-gas re‑circulation) to reduce pollutants and recover metals from emissions [34].
Stock Performance (Chart & Data)
YDDL debuted at $5.00 (the IPO price) and closed Oct 9 at $5.42 [35]. That represented an 8.4% first-day jump. Intraday Oct 9, the stock traded in a $4.60–$6.00 range [36]. Trading volume was relatively high (~523,600 shares) [37]. As of Oct 10 pre-market, shares were around $7.40 (about +37% higher) [38], implying ~$295 M market cap [39].
This stock has been extremely volatile. In after-hours trading on Oct 9 it spiked above $10 [40], roughly doubling the closing price. StockTwits reported the pre-market Oct 10 runup as +200% [41], though such extreme moves were likely short-lived (regular trading only resumes with the open). By market open on Oct 10 the share price was well off the ~$10 peak but still substantially above $5. These swings reflect the stock’s very low public float (only 2M shares offered) combined with social-media hype.
“The stock spiked dramatically in the after-hours session, climbing above $10,” reported Investing.com [42]. “Low float + strong AI data story = recipe for fireworks, if momentum continues,” remarked one StockTwits user [43], capturing the feverish trading action.
Compared to peers, YDDL trades at a premium multiple. Simply Wall St notes ~$53.5 M TTM revenue with $6.48 M earnings, implying a trailing P/E of ~45.6x [44] and a P/S of 5.5x [45]. As a new IPO, historical price performance is minimal: the 52-week range is effectively $4.60–$6.00 (since listing) [46].
Recent News & Developments
The latest news is dominated by the IPO and early trading. On Oct 9, One & One announced its IPO pricing and listing [47]. Press releases and filings confirm the $5.00 price, $10M gross proceeds, NASDAQ listing, and 30-day overallotment of 300K shares [48]. Cathay Securities led the offering. No other operational news (earnings or acquisitions) has been reported since.
Financial media picked up the story immediately. Reuters/Investing.com highlighted the strong debut: “One & One Green Technologies stock soared 100% in after-hours trading on Thursday, following its initial public offering earlier in the day” [49]. This reflected the bump above $10 after hours. A StockTwits news article on Oct 10 detailed the second-day surge, noting “the stock rose over 200% in premarket trading on Friday” (though a clear catalyst was not identified) [50].
Corporate filings reiterate the business case. For example, the Form F‑1 describes the company’s operations and license. [51] [52]. The press release also outlines the firm’s “environmentally friendly technologies… including an exhaust gas recirculation system… regularly approved by the [Philippines] EMB” [53]. There have been no analyst reports or ratings updates yet, as research coverage typically lags for very small IPOs.
Industry Outlook & Analysis
While YDDL itself lacks analyst forecasts, industry trends provide context. Global scrap recycling is a multi-hundred-billion-dollar market. Fortune Business Insights reports the scrap metal recycling market was about $420.8 B in 2024 and is growing ~3.9%/year [54]. Asia-Pacific is the largest region by far (≈51% of the market) [55]. In Southeast Asia specifically, metal recycling is rapidly expanding – a $9.48 B market in 2024 projected to reach $18.3 B by 2033 (7.58% CAGR) [56]. This growth is driven by rising industrial demand and stringent environmental regulations that favor recycling [57].
In theory, these tailwinds bode well for a company like YDDL. Its focus on hazardous electronic/industrial waste fits global ESG trends. As metal recycling advocates note, reusing scrap “conserves natural resources, lowers energy usage and reduces greenhouse gas emissions” [58]. One & One positions itself as part of that solution – offering lower-cost recycling alternatives and aligning with circular-economy goals [59] [60].
On the other hand, investors should note the valuation risk. The stock’s early rally has pushed its valuation well above underlying earnings or book value. Simply Wall St flags it as ~53% over fair-value [61]. With no earnings history as a public company, YDDL trades largely on promise and momentum. The tiny float means price swings can be extreme (as seen on Oct 9–10) and liquidity is limited.
“One and One raised $10 million by selling its shares at $5 a piece, and the stock gained 8.4% to $5.42 on the opening day. It wasn’t clear what was driving the Friday premarket rally,” noted StockTwits [62], reflecting the uncertainty around the breakout. Another user cautioned that the Philippines base adds geopolitical and operational risk: “Being based in the Philippines itself is enough to make me stay away.” (No official analyst commentary is available to rebut or confirm these views.)
Environmental & ESG Perspective
YDDL’s core business is inherently tied to sustainability. Recycling metal scrap reduces the need for mining new ore, saving energy and emissions. Industry analysts emphasize that metal recycling is “increasingly recognized for its positive impact on the environment” [63]. One & One highlights its green credentials through licensed waste import (enabling it to process hazardous e-waste that might otherwise go unhandled) and its internal tech improvements. The exhaust-recirculation system, for example, is a rare feature in this industry and is regularly certified by regulators [64].
For ESG-focused investors, YDDL may appear attractive as a “clean tech” play in recycling. It explicitly markets its mission as “green” and “environmentally responsible” [65] [66]. Its products (recycled metals and plastics) feed back into manufacturing cycles, embodying the circular economy. These attributes could appeal to funds or investors emphasizing environmental impact. That said, YDDL is a micro-cap stock with the attendant risks, so its ESG story will need to prove out in financial results over time.
Competition & Market Position
In the waste and recycling sector, One & One is relatively small. It competes indirectly with large multinational recyclers (e.g. Sims Limited, US Ecology, or even regional metal brokers) that dominate global scrap markets. However, YDDL claims a niche: its government license to import hazardous scrap (from e-waste, electronics, automotive, etc.) gives it unique feedstock and potential margins not available to some competitors. It also focuses on customized processing (e.g. nickel-plating, copper-alloys) that differentiate it from commodity scrap mills.
No direct competitors are listed on U.S. exchanges, so comparison is largely conceptual. Instead, investors should watch how One & One leverages its Philippines base. The country’s proximity to huge sources of scrap (Japan, S. Korea) and to booming Asian manufacturing markets could be advantageous. The IPO proceeds ($10M) will likely be used to expand capacity and marketing in Asia – success there could justify premium valuations. Conversely, any slip-up (e.g. regulatory hurdles, loss of license, slowdown in Asian demand) would hurt confidence.
Analyst & Investor Commentary
There is limited formal analysis of YDDL to date. No analyst reports or recommendations have been published post-IPO (reflected by empty analyst pages on Nasdaq/Yahoo). Most commentary comes from media and trading forums. For example, Benzinga/Barron’s reporters simply restate the IPO facts (no buy/sell call). StockTwits and investing sites have mainly noted the volatility: e.g. “stock soared 100% after-hours” [67] and “rose over 200% premarket” [68].
The general sentiment is mixed: early backers are excited by the low float and “AI-friendly” narrative (some likened it to other meme stocks [69]), while skeptics point to the exotic geography and thin float as reasons for caution. With no professional price targets available, investors currently rely on the company’s filings and news flow. Going forward, any analyst coverage will likely hinge on consistent operational execution (e.g. meeting production and revenue targets).
In summary: One & One Green (YDDL) is a very small, newly listed stock in the waste-recycling sector that has attracted outsized attention. It offers a genuine business in scrap and hazardous waste recycling with an environmental angle, but the stock price has so far been driven more by IPO momentum and retail buzz than by fundamentals. Investors should weigh the company’s growth potential in Asia’s expanding recycling market against the risks of an unproven IPO and a thinly traded float. The coming quarters should clarify whether YDDL can deliver sustainable profits or whether the initial price surge was a short-lived market anomaly.
Sources: Official IPO press releases [70] [71]; financial news (Reuters/Investing) [72] [73]; company website [74] [75]; stock data and analysis (Webull, SimplyWallSt) [76] [77]; sector reports [78] [79]; investor forums (StockTwits) [80] [81].
References
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