FatPipe (FATN) shares were rising past 53% in recent Tuesday trading, on the company's first day of trading on Nasdaq.
The company said late Monday it priced its initial public offering of 695,656 shares at $5.75 apiece to raise about $4 million.
Underwriters were given a 45-day option to buy up to 104,348 additional shares, the company said, adding the IPO is expected to close on or about Wednesday.
Price: 8.80, Change: +3.05, Percent Change: +53.04
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