LOBO EV Technologies Ltd. Announces Pricing Of $5.5M Initial Public Offering Of 1.38M Shares Of Stock At A Price Of $4/Share
Portfolio Pulse from Benzinga Newsdesk
LOBO EV Technologies Ltd. announced its initial public offering (IPO) of 1.38 million shares at $4 per share, aiming to raise $5.5 million. The shares will start trading on Nasdaq under the symbol 'LOBO' on March 21, 2024. Kingswood Capital Partners, LLC is the sole bookrunner for the offering.
March 21, 2024 | 12:02 pm
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LOBO EV Technologies Ltd. is launching its IPO with 1.38M shares at $4 each, expecting to raise $5.5M. Shares to trade on Nasdaq from March 21, 2024.
The announcement of LOBO's IPO is a significant milestone for the company, indicating its readiness to enter the public market and raise capital for expansion. The pricing and expected proceeds suggest a positive outlook from the company and its underwriters on the demand for its shares. This event is likely to generate investor interest and could lead to a positive short-term impact on its stock price as the market responds to this new investment opportunity.
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