MEDIROM Healthcare Technologies Inc. Announces Closing of Public Offering
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MEDIROM Healthcare Technologies Inc. has closed its public offering of 2,860,000 American Depositary Shares at $1.75 per share, raising approximately $5 million. The company also granted underwriters a 45-day option to purchase an additional 429,000 shares.
December 11, 2024 | 9:30 pm
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MEDIROM Healthcare Technologies Inc. completed a public offering, raising $5 million by selling 2.86 million shares at $1.75 each. This could impact the stock price due to increased share supply.
The completion of a public offering typically increases the supply of shares, which can lead to a decrease in stock price if demand does not match the new supply. The offering raised $5 million, which is significant for the company, and the additional option for underwriters could further increase supply.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100