SoFi CEO enters prepaid forward contract on 1.5 million shares
Investing.com -- Bluemount Holdings Limited (NASDAQ:BMHL), a Hong Kong-based consulting, advisory, and financial services provider, began trading on Nasdaq Friday at $4.20 per share, representing a 5% increase from its initial public offering price of $4.00 per share.
The company priced its underwritten IPO of 1,375,000 Class B Ordinary Shares at $4.00 each, raising approximately $5.5 million in gross proceeds before deducting underwriting discounts and other offering expenses.
Bluemount, which also trades luxury timepieces and other commodities, granted the underwriters a 45-day option to purchase up to an additional 206,250 Class B Ordinary Shares at the public offering price to cover potential over-allotments.
The offering is expected to close around July 14, 2025, subject to customary closing conditions.
Dominari Securities LLC served as the representative of the underwriters for the offering, with Pacific Century Securities, LLC and Revere Securities LLC acting as co-underwriters.
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