05:35 AM EDT, 10/23/2024 (MT Newswires) -- Founder Group Limited said late Tuesday it priced its initial public offering of 1.2 million shares at $4 apiece for expected gross proceeds of about $4.9 million.

Underwriters have been granted a 45-day option to purchase up to an additional 182,813 ordinary shares.

The shares will begin trading on the Nasdaq Capital Market this Wednesday under the ticker symbol, "FGL."

The offering is expected to close on Thursday.