Fenbo Holdings Prices Its IPO Of 1M Ordinary Shares At $5.00 Per Share For Total Gross Proceeds Of $5M
Portfolio Pulse from Benzinga Newsdesk
Fenbo Holdings has priced its initial public offering (IPO) of 1 million ordinary shares at $5.00 per share, aiming to raise total gross proceeds of $5 million. The shares have been approved for listing on the Nasdaq Capital Market and are expected to begin trading on November 30, 2023, under the ticker symbol 'FEBO'.
November 29, 2023 | 10:29 pm
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Fenbo Holdings is launching its IPO at $5.00 per share with 1 million shares, expecting to raise $5 million. Shares will trade on Nasdaq starting November 30, 2023.
The IPO pricing and listing of Fenbo Holdings is a significant event for the company, indicating its entry into the public market. The set price of $5.00 per share is the first valuation the public market will see, and it will likely attract investor attention as trading commences. The anticipation of the IPO could lead to positive sentiment and a potential increase in share price in the short term, especially if the market perceives the IPO price as undervalued or if there is high demand for the shares.
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