Nature Wood Group Prices Initial Public Offering Of 750,000 American Depositary Shares At $9/ADS For Total Of $6.75M
Portfolio Pulse from Benzinga Newsdesk
Nature Wood Group has priced its initial public offering (IPO) of 750,000 American Depositary Shares (ADS) at $9 per ADS, raising a total of $6.75 million.
September 12, 2023 | 7:07 am
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Nature Wood Group's IPO could impact its stock price as it raises $6.75 million.
IPOs often lead to increased volatility in a company's stock price. The raised capital could be used for growth, which may positively impact the stock price. However, the additional shares could also dilute existing shareholders' equity.
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