Knorex Prices 3 Million Class A Shares IPO at $4 per Share; Expects $12 Million in Gross Proceeds
MT Newswires Live
Sep 29
Knorex (KNRX) said Monday it has priced its initial public offering of 3 million Class A ordinary shares at $4 per share for expected gross proceeds of $12 million.
The company said it has granted underwriters a 45-day option to buy up to an additional 450,000 shares at the same price to cover over-allotments.
Knorex said the offering is expected to close on or about Tuesday.
The company said its Class A ordinary shares were expected to begin trading Monday on the NYSE American, under the ticker "KNRX."
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