SMJ International (SMJF) shares rose sharply on its New York Stock Exchange debut on Thursday.
The shares were recently trading at $4.80 apiece, up 20% from an initial public offering price of $4.
The company priced its IPO of 2.5 million class A common shares Wednesday for gross proceeds of $10 million.
Underwriters were granted a 45-day overallotment option to purchase up to an additional 375,000 shares.
The IPO is expected to be completed on Friday, subject to closing conditions.
Price: 4.80, Change: +0.80, Percent Change: +20.00
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