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Toppoint opens at $3.88, IPO priced at $4 per share

Toppoint (TOPP) priced 2.5M shares at $4.00, at the low end of the $4.00-$6.00 target range. Alliance Global Partners is acting as sole book running manager for the offering. Headquartered in North Wales, Pennsylvania, Toppoint specializes in the transport of wastepaper, scrap metal, and wooden logs for large waste companies, recycling centers, and commodity traders.

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