Concorde International (CIGL) shares debuted on Nasdaq Capital Market Tuesday at $4.40, above the initial public offering price of $4.
Roughly 1.6 million shares most recently changed hands at $4.41 apiece, up over 10%. The stock debuted under the ticker symbol "CIGL."
The IPO consists of nearly 1.25 million class A shares to raise $5 million and the company has granted underwriters an option to buy up to an additional 187,500 shares.
Proceeds from the offering, set to close around Wednesday, will support the rollout of electric vehicular mobile command centers, research and development, market expansion, and general corporate use, Concorde said.
Price: 4.41, Change: +0.41, Percent Change: +10.25
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