J-Long Group Prices Its Initial Public Offering Of 1.4M Ordinary Shares At $5/Share
Portfolio Pulse from Benzinga Newsdesk
J-Long Group has priced its IPO at $5 per share, offering 1.4 million ordinary shares for total gross proceeds of $7 million. The company has also granted the underwriter an option to purchase up to an additional 210,000 shares. The shares are expected to trade on the Nasdaq Global Market under the symbol 'JL' starting January 24, 2024, with the offering expected to close on January 26, 2024.
January 24, 2024 | 6:00 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
J-Long Group's IPO is priced at $5 per share, with potential gross proceeds of $7 million. Shares to trade on Nasdaq under 'JL' from Jan 24, 2024.
The IPO pricing and commencement of trading are significant events for J-Long Group, likely to attract investor attention and potentially drive initial trading volume and price movement. The option for the underwriter to purchase additional shares could indicate confidence in the offering, potentially influencing investor sentiment positively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100