OrangeKloud Technology (ORKT) Prices 2.75M Share IPO at $4.75/sh

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OrangeKloud Technology Inc. Announces Pricing of $13.1 Million Initial Public Offering

July 24, 2024 7:00 PM EDT

SINGAPORE, July 24, 2024 (GLOBE NEWSWIRE) -- OrangeKloud Technology Inc. (ORKT or the Company) today announced the pricing of its initial public offering of an aggregate of 2,750,000 shares of its Class A Ordinary Shares (the Offering). The Offering is priced at $4.75 per share (the Offering Price).

In addition, the Company has granted Maxim (as defined below) a 45-day option to purchase up to an additional 412,500 shares of its Class A Ordinary Shares at the initial public offering price (the Over-allotment), less underwriting discounts and commissions.

Assuming that the Over-allotment is... More