01:12 PM EDT, 09/30/2024 (MT Newswires) -- ZJK Industrial ( ZJK ) said Monday it priced its initial public offering of about 1.3 million common shares at $5 apiece for $6.3 million in expected gross proceeds.

The offering underwriters have a 30-day option to acquire up to 187,500 additional shares, according to the company.

The company expects its shares to start trading on the Nasdaq Capital Market today under the 'ZJK' symbol.

The offering is expected to close by Tuesday, with net proceeds being allocated towards expanding ZJK's manufacturing facilities and sales network in North America, and for future acquisitions and general corporate purposes, the company said.

Price: 5.05, Change: +0.05, Percent Change: +1.00