OFA Group Closes IPO with Full Over-Allotment, Raising $17.25 Million

Reuters
06-06
OFA Group Closes IPO with Full Over-Allotment, Raising $17.25 Million

OFA Group, an integrated architecture and technology firm, has announced the successful exercise and closing of the underwriter's full over-allotment option in connection with its initial public offering. This option allowed the purchase of an additional 562,500 ordinary shares at a price of $4.00 per share. As a result, the total number of shares sold in the offering increased to 4,312,500, raising gross proceeds of $17,250,000 before underwriting discounts and commissions. R.F. Lafferty & Co., Inc. served as the sole underwriter for the offering.

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