Stock Track | Tryhard Holdings Soars 81.25% in Debut After Pricing $6.1 Million IPO at $4 Per Share

Stock Track

08/28

Tryhard Holdings Limited (THH), a Japanese entertainment company, saw its stock price skyrocket by 81.25% in its market debut on Thursday. This remarkable surge follows the company's announcement of pricing its initial public offering (IPO) at $4.00 per share.

The company priced an offering of approximately 1.5 million shares, with about 1.1 million shares being sold by the company and 457,500 shares by certain selling shareholders. The IPO is expected to raise gross proceeds of about $6.1 million. Underwriters have been granted a 45-day option to purchase up to an additional 228,750 shares.

Tryhard Holdings' shares began trading on the Nasdaq under the ticker symbol "THH" during Thursday's session. The offering is anticipated to close on Friday. The company stated that the proceeds from the IPO will be used for general corporate purposes, positioning Tryhard Holdings for future growth in the entertainment industry.

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