Innovation Beverage Group Announces Pricing Of $5.4M Initial Public Offering Of 1.35M Shares Of Common Stock At A Price Of $4/Share
Portfolio Pulse from Benzinga Newsdesk
Innovation Beverage Group has announced the pricing of its initial public offering (IPO), raising $5.4 million by offering 1.35 million shares at $4 per share.
September 26, 2024 | 3:01 pm
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Innovation Beverage Group has priced its IPO at $4 per share, raising $5.4 million by offering 1.35 million shares. This marks the company's entry into the public market.
The IPO pricing and the amount raised are crucial for Innovation Beverage Group as it marks their entry into the public market. The successful pricing at $4 per share suggests a positive reception, which could lead to an initial increase in stock price as investors show interest in the new public offering.
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