SMJ International Holdings Inc. (SMJF) saw its shares surge 63.25% during intraday trading on Thursday, marking a strong debut on the New York Stock Exchange.
The company priced its initial public offering (IPO) at $4 per share, raising $10 million. Shares quickly climbed to $4.80, a 20% increase from the IPO price, with additional gains reflecting strong investor interest. Underwriters have a 45-day option to purchase up to 375,000 more shares, indicating potential further demand.
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