Shares of Mint Incorporation Limited (MIMI), a Hong Kong-based interior design company, skyrocketed 17.75% in intraday trading on Friday, as the company made a strong debut on the Nasdaq stock exchange.
The stock opened at $4.40 per share, after pricing its initial public offering at $4 per share. It quickly rallied, reaching an intraday high of $4.80 amid robust investor demand. The surge marked an impressive first day of trading for the newly public company.
Mint is a leading player in the interior design market, offering services ranging from design and construction to decoration and furniture manufacturing. The company's successful Nasdaq listing allows it to raise capital to fund expansion plans and tap into the vast U.S. investor pool.
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