Empro Group (EMPG) stock surged on Thursday following the Malaysia-based beauty and personal care company’s initial public offering (IPO) yesterday. The company’s shares started trading on the Nasdaq Capital Market under the EMPG stock ticker.
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Empro Group priced its shares at $4 each for gross proceeds of $5.5 million. There’s also a 45-day option for underwriter R.F. Lafferty & Co., Inc. to acquire an additional 206,250 shares of EMPG stock at the IPO price. The offering will close today.
Empro Group stock was up 56.53% in pre-market trading on Thursday, following an 8.45% rally yesterday. Excitement around the company’s IPO has resulted in some 1.8 million shares being traded this morning.
Investors who want to keep up with more of the latest IPO news can do so through the TipRanks IPO Calendar.
