FatPipe (FATN) said late Monday that it has priced its initial public offering of almost 696,000 shares at $5.75 apiece to raise about $4 million for the firm.
The company said it granted its underwriters a 45-day option to purchase up to 104,348 additional shares. D. Boral Capital is the book-runner for the offering that is expected to close April 9.
The shares will begin trading April 8 on Nasdaq, it said.
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