Stak opens at $3.62, IPO priced at $4 per share

Stak (STAK), which identifies itself as “a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment,” priced its initial public offering of 1.25M ordinary shares at a public offering price of $4.00 per ordinary share. Kingswood Capital Partners is acting as the representative of the underwriter.