12:54 PM EST, 01/22/2025 (MT Newswires) -- 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