QualityStocksNewsBreaks – Infobird Software Co. Ltd. (NASDAQ: IFBD) Closes on $25M Initial Public Offering
Infobird Software (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of artificial intelligence (“AI”)-powered customer engagement solutions in China, has closed on its previously announced underwritten initial public offering. The offering, which consisted of 6,250,000 ordinary shares offered at $4 per share, resulted in gross proceeds for the company of $25 million before typical fees and offering expenses. In the announcement, Infobird noted that the ordinary shares were approved for listing on the Nasdaq Capital Market and began trading on April 20, 2021, under the ticker symbol IFBD. The company also announced that it has granted the underwriters a 45-day option to…
