New Century Logistics: Successful $6 Million Initial Public Offering
Overview of New Century Logistics IPO
New Century Logistics has successfully closed a $6 million initial public offering (IPO). As part of this offering, the company has granted the underwriters a 45-day option to purchase up to an additional 225,000 ordinary shares at the public offering price, less underwriting discounts, to cover over-allotments, if any.
Future Implications
This IPO is seen as a significant step for New Century Logistics, positioning it for growth and expansion in the logistics industry. Investors are optimistic about the company's potential moving forward.
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