By Denny Jacob
Roadzen shares were 9.6% higher after pricing its public offering.
Shares were trading around $2.73. The stock is up 26% on the year.
The artificial intelligence company has priced its offering of roughly 2.2 million shares at $2.25 a share, equating to gross proceeds of about $5 million before fees and expenses. The company said it intends to use the net proceeds from the offering primarily for costs directly related to sales and market, research and development, and working capital and general corporate purposes, among other efforts.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 03, 2025 10:53 ET (15:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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