PTL Limited (PTLE) Prices 1.25M Share IPO at $4/sh

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Go back to PTL Limited (PTLE) Prices 1.25M Share IPO at $4/sh

PTL Limited Announces Pricing of $5 million Initial Public Offering and Listing on Nasdaq

October 15, 2024 4:30 PM EDT

Hong Kong, Oct. 15, 2024 (GLOBE NEWSWIRE) -- PTL Limited (Nasdaq: PTLE) (the Company), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced the pricing of its initial public offering (the Offering) of 1,250,000 ordinary shares (the Ordinary Shares), at a price of $4.00 per Ordinary Share (the Offering Price).

The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on October 16, 2024 under the symbol PTLE.The Offering is expected to close on October 17, 2024, subject to the satisfaction of customary closing conditions.

The Company expects to receive... More