Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Investing.com -- Energys Group Limited, a company providing energy efficiency and decarbonization solutions for the built environment, started trading its shares today on the Nasdaq Capital Market. The shares, under the ticker symbol (NASDAQ:ENGS), opened at $4.96 per share, $0.46 above its initial public offering (IPO) pricing of $4.50 per share.
Yesterday, the company announced the pricing of its IPO of 2,250,000 ordinary shares at $4.50 each. The company expects total gross proceeds of $10,125,000 before the deduction of underwriting discounts and other related expenses.
In addition to the initial offering, Energys Group has provided the underwriters with an option to purchase up to an extra 337,500 ordinary shares. This option, available for 45 days from the date of the prospectus, allows the underwriters to cover any over-allotments at the initial public offering price, minus the underwriting discounts and commissions.
The IPO is being conducted on a firm commitment basis, with American Trust Investment Services, Inc. acting as the representative of the underwriters for the offering.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.