Leifras Co Ltd ( LFS ) shares are trending on Wednesday.

Check out the current price of LFS stock here.

According to Benzinga Pro data, shares of the youth sports company surged 576.79% to close at $11.37 in regular trading on Tuesday. The stock carried the momentum into after-hours trading, climbing an additional 4.22% to $11.85.

Nagoya Contract Fuels Rally

On November 5, Leifras ( LFS ) announced that it had won a contract for Regional Club Activity Facility Management and Operation Services from the City of Nagoya.

Under the contract, Leifras ( LFS ) began managing facilities at 111 municipal junior high schools for weekend community club activities in October.

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Recent IPO Context

The stock began trading on October 9.

The company closed its initial public offering on Oct. 10, selling 1.25 American Depositary Shares (ADS) at $4 per ADS on the Nasdaq Capital Market.

With Kingswood Capital Partners acting as the underwriters’ representative, the offering brought in $5.0 million in gross proceeds before underwriting discounts and other offering expenses.

Fund Allocation

The proceeds will be used to hire full-time staff, acquire additional sports facilities, and support working capital needs for the company's sports school and social business operations.

Stock Performance

The stock of the Tokyo-based company has surged 208.13% over the past month and jumped 322.68% in the last five days.

With a market capitalization of $297.45 million, the stock has a 52-week range of $1.58 to $12.49.

Benzinga’s Edge Stock Rankings highlight LFS has a Value score of 71.08. Track the performance of other players in this segment.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.