05:57 PM EDT, 09/30/2024 (MT Newswires) -- HomesToLife (HTLM) said late Monday it priced its initial public offering of 1.25 million shares at $4 apiece for about $5 million in gross proceeds.

Underwriters have a 45-day overallotment option to acquire up to 187,500 additional shares.

The company expects its shares to start trading on the Nasdaq Capital Market under the ticker symbol HTLM Tuesday, while the IPO is expected to close Wednesday.

HomesToLife's subsidiary and operating company, HomesToLife Singapore, sells customized furniture solutions in Singapore, according to the company.