Globavend Holdings Limited Announces Pricing Of $6M Initial Public Offering Of 1.5M Shares Of Common Stock At A Price Of $4/Share
Portfolio Pulse from Benzinga Newsdesk
E-commerce logistics provider Globavend Holdings Limited (NASDAQ:GVH) has announced the pricing of its initial public offering (IPO) at $4.00 per share. The company plans to offer 1.5 million shares, expecting to raise $6 million in gross proceeds. The shares are expected to start trading on the Nasdaq Capital Market on November 8, 2023, under the symbol 'GVH'.
November 07, 2023 | 10:20 pm
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Globavend's IPO pricing at $4 per share could attract investors looking for opportunities in the e-commerce logistics sector. The company's shares are expected to start trading on the Nasdaq Capital Market on November 8, 2023.
The announcement of an IPO often leads to increased interest in a company's stock. Given the pricing at $4 per share, this could attract a wide range of investors. The fact that Globavend operates in the e-commerce logistics sector, which has seen significant growth due to the rise of online shopping, could further increase investor interest.
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