LogProstyle Closes $10 Million IPO

MT Newswires Live

2025/03/27

LogProstyle (LGPS) said late Wednesday it closed its initial public offering of 2 million Japanese common shares at a price of $5 per share for gross proceeds of $10 million.

The shares started trading on the NYSE American on Tuesday under the ticker symbol "LGPS".

The company said it plans to use the net proceeds for the development and expansion of its operations in Japan and its real estate renovation and resale businesses, among other things.

The shares closed more than 52% lower on Wednesday.

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