Diginex (DGNX) said Wednesday it priced an initial public offering of 2.25 million ordinary shares at $4.10 each.
The blockchain, machine learning and data analysis company's shares were down more than 7% on the first trading day on Nasdaq Capital Market.
The company raised slightly more than $9.2 million in gross proceeds. It also provided underwriters of the IPO with a 45-day option to buy up to 337,500 additional shares to cover potential over-allotments.
Diginex said the offering is expected to close on Thursday.
The company expects to use the net proceeds for general working capital, according to a prospectus for the deal filed with US regulators on Dec. 19.
Price: 3.80, Change: -0.30, Percent Change: -7.32
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