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Investing.com -- Ten-League International Holdings Limited started trading on the Nasdaq Capital Market on Thursday at $3.87 per share, falling below its initial public offering (IPO) price of $4.00 per share.
The Singapore-based provider of turnkey project solutions offered 2,240,000 ordinary shares in its IPO, with 1,607,840 shares coming from the company and 632,160 from selling shareholders.
The company is trading under the ticker symbol "NASDAQ:TLIH" and expected to receive gross proceeds of $6,431,360 from the offering before deducting underwriting discounts and other related expenses.
Bancroft Capital, LLC served as the sole underwriter for Ten-League’s public offering.
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