Oriental Rise Closes $7 Million IPO; Shares Surge-February 2024-www.financetom.com

Oriental Rise Closes $7 Million IPO; Shares Surge

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Oriental Rise Closes $7 Million IPO; Shares Surge

Oct 18, 2024 3:07 PM

03:58 PM EDT, 10/18/2024 (MT Newswires) -- Oriental Rise ( ORIS ) said Friday it closed a $7 million initial public offering of shares.

The company said it sold about 1.8 million shares at $4 apiece.

Underwriters for the IPO have a 45-day option to purchase up to an additional 262,500 shares, Oriental Rise ( ORIS ) added.

The company's shares were up 21% in recent trading.

Price: 7.28, Change: +1.28, Percent Change: +21.33

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