Hitek Global opened at $5, IPO priced at $5 per share

Hitek Global (HKIT) opened earlier at $5 per shares after having priced its 3.2M share IPO at $5.00. The deal size was reduced from 4.0M shares to 3.2M. Pacific Century Securities is acting as the lead underwriter of the offering, R.F. Lafferty is acting as the co-underwriter of the offering and Spartan Capital is acting as the co-manager of the offering.