La Rosa Announces Pricing Of Initial Public Offering Of 1M Shares Of Common Stock At A Price Of $5/Share
Portfolio Pulse from Benzinga Newsdesk
La Rosa Holdings Corp. (NASDAQ: LRHC) has announced the pricing of its initial public offering (IPO) of 1,000,000 shares of common stock at $5.00 per share, expecting to raise $5,000,000. The company has also granted underwriters a 45-day option to purchase up to 150,000 additional shares. The shares are expected to begin trading on The Nasdaq Capital Market on October 10, 2023. The company plans to use the net proceeds for general corporate purposes, including acquisitions, debt repayment, and technology purchases.
October 10, 2023 | 1:05 pm
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La Rosa Holdings Corp. is going public with its shares priced at $5.00 each. The company expects to raise $5 million from the IPO and plans to use the proceeds for various corporate purposes.
The news of an IPO is directly related to the company's stock and is of high importance to investors. The pricing of the IPO and the expected use of the proceeds can influence investor sentiment and the stock's performance in the short term.
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