Kandal M Venture Prices IPO at $4 per Class A Share

MT Newswires Live
25 Jun

Kandal M Venture said Wednesday that it has priced its initial public offering of 2 million class A common shares at $4 apiece.

The company said it granted the underwriters a 45-day option to purchase up to 300,000 additional shares at the same IPO price.

Kandal M Venture expects to close the IPO on Thursday and plans to use the proceeds to increase its production capacity, expand its customer base, and for additional working capital.

Kandal M Venture said its shares are set to start trading on Nasdaq from Wednesday under the "FMFC" ticker.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10