Mingteng International Corporation Announces Pricing Of $5.1M Initial Public Offering Of 1.275M Shares At $4.00/Share
Portfolio Pulse from Benzinga Newsdesk
Mingteng International Corporation has announced the pricing of its initial public offering (IPO) at $5.1 million, offering 1.275 million shares at $4.00 each. The shares have been approved for listing on the Nasdaq Capital Market and are expected to start trading on April 18, 2024, under the ticker symbol 'MTEN'.

April 18, 2024 | 1:10 pm
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Mingteng International Corporation's IPO is priced at $5.1 million with 1.275 million shares at $4.00 each, set to begin trading on Nasdaq on April 18, 2024.
The announcement of Mingteng International Corporation's IPO pricing and its upcoming listing on the Nasdaq Capital Market is a significant milestone for the company. This event is likely to generate investor interest and could lead to an increase in the stock price in the short term as investors look to get in early on a new market entrant. The pricing of the IPO at $4.00 per share and the total offering amount of $5.1 million suggest a well-planned entry into the public market, potentially attracting both retail and institutional investors.
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