11:33 AM EDT, 10/16/2024 (MT Newswires) -- PTL (PTLE) shares rose in their Nasdaq debut Wednesday after the company priced its initial public offering of 1.25 million shares at $4.00 per share to raise $5 million.

The shares were up about 1.8% at $4.07 in recent trading after opening at $4.25.

The offering is expected to close on Thursday, said the company, a bunkering facilitator providing marine fuel logistics services.

Price: 4.07, Change: +0.07, Percent Change: +1.75