Plutus Financial Closes $8.4 Million IPO

MT Newswires Live
02-07

Plutus Financial Group (PLUT) said Thursday it closed its initial public offering of 2.1 million ordinary shares at $4 per share, raising $8.4 million in gross proceeds.

The financial services company's stock started trading on Nasdaq on Wednesday.

The underwriter was granted a 45-day option to acquire up to 315,000 shares at the IPO price.

Shares of the company were up 3.9% in recent trading.

Price: 4.15, Change: +0.15, Percent Change: +3.85

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