Kandal M Venture (FMFC) closed its initial public offering of 2 million shares priced at $4 each, raising $8 million.
Proceeds will be used partly for expanding into key geographical markets, enhancing production capacity and establishing a new design and development center, the company said Thursday in a statement.
Underwriters have a 45-day option to buy up to an additional 300,000 shares.
Kandal shares rose 3.5% to $5.56 in after-hours trading.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。