Uni-Fuels Closes $8.4 Million IPO; Shares Higher

MT Newswires Live

01-16

Uni-Fuels Holdings (UFG) said Wednesday it has closed its underwritten initial public offering of 2.1 million shares at $4 per share for gross proceeds of $8.4 million.

Underwriters were given a 45-day option to buy up to 315,000 additional shares, Uni-Fuels said.

Uni-Fuels shares were 12% higher in recent trading.

Price: 4.48, Change: +0.48, Percent Change: +12.00

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