Reported Late Wednesday, Planet Image International Prices Initial Public Offering Of 1.25M Ordinary Shares At $4/Share
Portfolio Pulse from Benzinga Newsdesk
Planet Image International Limited, an export-oriented manufacturer of compatible toner cartridges, has priced its IPO at $4 per share, offering 1.25 million Class A ordinary shares. The company expects to raise $5 million before expenses and will trade on the Nasdaq Capital Market under the ticker symbol 'YIBO' starting January 25, 2024.
January 25, 2024 | 7:12 am
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Planet Image International's IPO is set at $4 per share with an expected raise of $5 million before expenses, and its shares will begin trading on Nasdaq under the ticker 'YIBO'.
The IPO pricing and commencement of trading are significant events for Planet Image International. The pricing at $4 per share is an important benchmark for investors, and the start of trading on the Nasdaq will provide liquidity and market visibility. This news is likely to generate investor interest and could lead to a positive short-term impact on the stock price, assuming the market conditions are favorable and there is investor appetite for new listings in the sector.
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