Ming Shing Group (MSW) sold an additional 225,000 shares, raising $1.24 million, with the full exercise of the overallotment option by the underwriter of its initial public offering at $5.50 a share.
The sale of additional shares closed and brought the IPO gross proceeds to almost $9.49 million, the company said Monday in a statement.
Shares of the company fell 1.5% in recent trading Monday.
Price: 5.86, Change: -0.09, Percent Change: -1.51
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