12:56 PM EDT, 10/15/2024 (MT Newswires) -- Samfine Creation (SFHG) shares debuted on Nasdaq Tuesday at an opening price of $4.99, above the $4 initial public offering price.

The shares were most recently changing hands at $4.80 apiece, up 20% from the IPO price.

The stock debuted on the Nasdaq Capital Market under the ticker symbol "SFHG."

The company is offering 2 million shares in the IPO and has granted underwriters an option to buy an additional 300,000 shares if needed. The offering is expected to close Wednesday.

Proceeds from the IPO will be used to strengthen the company's printing business in Hong Kong and expand market presence in the US, Samfine said.

Price: 4.97, Change: +0.97, Percent Change: +24.35