Turbo Energy (TURB) Prices 1M ADS IPO at $5/sh
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Turbo Energy, S.A. Announces Pricing of Initial Public Offering
September 21, 2023 5:30 PM EDTValencia, Spain, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (Nasdaq: TURB) (the Company), a company engaged in the design, development, and production of equipment for the generation, management, and storage of photovoltaic (PV) energy, announced today the pricing of its initial public offering of 1,000,000 American Depositary Shares (ADSs), representing 5,000,000 ordinary shares, at a price of $5.00 per ADS to the public for a total of $5,000,000 of gross proceeds to the Company, before deducting underwriting discounts and offering expenses (the Offering).
The Company has granted a 45-day option to the underwriters to purchase up to 150,000 additional... More
