BEAMSTART Logo

NIP Group Inc. Announces Pricing of $20.25 Million Initial Public Offering

Benzinga LogoBenzinga1d ago

NIP Group Inc. Announces Pricing of $20.25 Million Initial Public Offering - Benzinga

Quick Summary:

STOCKHOLM, July 26, 2024 (GLOBE NEWSWIRE) -- NIP Group Inc.(the "Company" or "NIP"), a leading esports organization with the most expansive global footprint by virtue of its operations across Asia, Europe and South America, today announced the pricing of its initial public offering of 2,250,000 American depositary shares ("ADSs"), at US$9.00 per ADS, for a total offering size of US$20.25 million, assuming the underwriters do not exercise their option to purchase additional ADSs.

The ADSs have been approved for listing and are expected to begin trading on the Nasdaq Global Market on July 26, 2024, under the ticker symbol "NIPG".

In addition, the Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 337,500 additional ADSs.


More Pictures

NIP Group Inc. Announces Pricing of $20.25 Million Initial Public Offering - Benzinga (Picture 1)

or

Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 02:30:47 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 794 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21782156

View Article Analysis

About Benzinga

Benzinga Logo

Main Topics: InvestingBusiness

Official Website: benzinga.com

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #54

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "NIP Group Inc. Announces Pricing of $20.25 Million Initial Public Offering" has 794 words across 25 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "NIP Group Inc. Announces Pricing of $20.25 Million Initial Public Offering" was covered 1 days ago by Benzinga, a news publisher based in United States.

How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly investing and business news.

The outlet is headquartered in United States and publishes an average of 0 news stories per day.

It's most recent story was published 1 days ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #21782156
  • URL: https://beamstart.com/news/nip-group-inc-announces-pricing-17219822589341

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.