Stock Track | Green Circle Decarbonize Technology Soars 11.62% Intraday Following IPO Pricing at $4 per Share
Stock Track
Jan 13
Green Circle Decarbonize Technology Limited's stock surged 11.62% during intraday trading on Tuesday, following the announcement of its initial public offering (IPO) priced at $4 per share. The company plans to raise $10 million from the sale of 2.5 million shares, with trading set to begin on the NYSE American Market under the ticker "GCDT."
Proceeds from the IPO will be used to build a new factory, expand production capacity, purchase equipment, repay certain debts, and fund general working capital needs. The underwriters also have a 45-day option to purchase an additional 375,000 shares, which could further bolster the company's financial position.
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