Gauzy Prices $75M Initial Public Offering Of 4,411,765 Ordinary Shares At $17/Share
Portfolio Pulse from Benzinga Newsdesk
Gauzy has priced its $75 million initial public offering of 4,411,765 ordinary shares at $17 per share. The shares will begin trading on the Nasdaq Global Market under the symbol 'GAUZ' on June 6, 2024. The offering is expected to close on June 7, 2024, subject to customary conditions. Proceeds will be used for production expansion, R&D, marketing, and other corporate purposes.
June 06, 2024 | 6:38 am
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Gauzy's $75M IPO at $17/share will start trading on Nasdaq on June 6, 2024. Proceeds will fund production expansion, R&D, marketing, and other corporate purposes.
The IPO will provide Gauzy with significant capital to expand its production lines, invest in R&D, and enhance marketing efforts. This is likely to positively impact the stock price in the short term as the market reacts to the new capital influx and growth potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100