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The latest update is out from TMD Energy Limited ( (TMDE) ).
On April 22, 2025, TMD Energy Limited successfully completed its initial public offering (IPO) of 3,100,000 ordinary shares at a price of $3.25 per share. The underwriters, led by Maxim Group LLC, fully exercised their over-allotment option on April 24, 2025, purchasing an additional 465,000 shares. This exercise generated approximately $1.51 million in additional gross proceeds for the company, enhancing its financial position and potentially strengthening its market presence.
More about TMD Energy Limited
TMD Energy Limited operates in the energy sector, focusing on providing energy solutions and services. The company is based in Kuala Lumpur, Malaysia, and is involved in the market for energy products and services.
YTD Price Performance: -64.19%
Average Trading Volume: 4,466,007
For an in-depth examination of TMDE stock, go to TipRanks’ Stock Analysis page.