Starbox Shares Jumped 22% in Premarket Trading

Tiger Newspress2022-08-24

Starbox shares jumped 22% in premarket trading. The shares soared nearly 290% on the first day of listing.

Malaysia-based fintech Starbox Group (NASDAQ:STBX) saw its shares once soared as high as 1,055% on Tuesday in the wake of its $20M initial public offering.

Shares of Starbox opened at $27, rocketing to a high of $46.21 before dropping to $15.40.

Starbox offered 5M shares priced at $4 per share, raising around $20M. The company provides cash rebate, digital advertising and payment solution services to micro, small and medium-sized businesses.

Shares were priced at the lower end of its previously proposed range of $4 to $5 per share.

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Comments

Nelliebear
2022-08-24
Nelliebear
Keep it going
RabbitNg
2022-08-24
RabbitNg
👌🏻

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