Powell Max Limited Prices $5.707M Initial Public Offering Of 1,426,750 Class A Ordinary Shares At A Price Of $4/Share
Portfolio Pulse from Benzinga Newsdesk
Powell Max Limited, a financial communications services provider, has announced the pricing of its IPO, offering 1,426,750 Class A Ordinary Shares at $4 per share, aiming to raise $5.707 million. The shares will trade on NASDAQ under the symbol PMAX starting September 5, 2024.
September 05, 2024 | 2:02 pm
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Powell Max Limited is launching its IPO, pricing shares at $4 each to raise $5.707 million. The shares will trade on NASDAQ under the symbol PMAX starting September 5, 2024. The funds will be used for expansion, potential M&A, and other corporate purposes.
The IPO pricing and trading commencement on NASDAQ are significant events for Powell Max Limited, likely to attract investor interest and potentially drive the stock price up in the short term. The use of proceeds for expansion and M&A indicates growth potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100