In recent times, there have been some small initial public offerings and most of them have done well. The latest such initial public offering took place yesterday when Infobird Inc was listed.
The Infobird c (NASDAQ: IFBD) stock ended the first day of trading with gains of as big as 51%. The company offered its shares at a fixed rate of $4 each and raised $25 million. The company is based out of China and involved in the customer engagement software space.
The Infobird is one of the many companies listed in the United States that raised $25 million or lower in their IPOs. The other stocks to have debuted with similarly sized offerings were Esports Technologies Inc based out of Las Vegas and Utime Ltd, a Chinese company. The smaller sizes of IPOs have performed better than some other IPOs which have been far larger in size. Investors could do well to keep an eye on the Infobird stock this week.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.