RedCloud Raises $20 Million in IPO

MT Newswires Live

03-25

RedCloud Holdings (RCT) said Monday it closed its $20 million initial public offering, selling 4.4 million shares at $4.50 per share.

Underwriters have a 30-day option to buy up to an additional 666,666 shares, according to RedCloud.

The company's shares started trading on the Nasdaq on Friday and closed 6.2% higher Monday at $4.78.

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