Advanced Biomed Closes $6.6 Million IPO

MT Newswires Live

2025/03/08

Advanced Biomed (ADVB) said Friday it has raised about $6.6 million from the initial public offering of 1.6 million shares at $4.00 per share.

The biotechnology company said it has granted its underwriter a 45-day option to buy up to 246,000 additional shares. Craft Capital Management acted as underwriter for the offering.

The shares started trading on Nasdaq Thursday.

Price: 3.67, Change: +0.02, Percent Change: +0.66

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