NIP Group (NIPG) shares rose in their trading debut on the Nasdaq Global Market on Friday after the esports company priced its initial public offering of 2.25 million American depositary shares at $9 per ADS. Each ADS represents two Class A ordinary shares.
The shares were up about 4% in recent trading after opening at $13.11.
Its underwriters, including US Tiger Securities and CLSA, were given a 30-day option to buy up to an additional 337,500 ADSs.
The offering is expected to close on Monday.
Price: 9.36, Change: +0.36, Percent Change: +3.94
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