Infobird Co. Ltd. (NASDAQ: IFBD) Eyes Significant Expansion After Closing $25 Million IPO

May 6, 2021 10:11:31
  • On April 20, Infobird Co. Ltd debuted on the Nasdaq Capital Markets under the trade symbol ‘IFBD’, with WestPark Capital, the offering’s book-running manager, later announcing the closing of the IPO
  • 6,250,000 ordinary shares were sold for a total of $25 million prior to fees and expenses
  • Per the offering’s prospectus, the company is eying significant expansion, with the proceeds of the offering likely to be channeled into the expansion plans

As Nasdaq opened on Tuesday, April 20, a new era beckoned for Infobird (NASDAQ: IFBD) since it was the day Infobird officially listed on the Nasdaq Capital Markets. In a later communique, WestPark Capital Inc., the book-running manager for the offering, announced the closing of the IPO wherein 6,250,000 ordinary shares were sold, grossing $25 million in proceeds before fees and expenses (https://ibn.fm/qigjT).

A leading software-as-a-service (“SaaS”) company based in Beijing and offering AI-enabled end-to-end customer engagement products in China, Infobird has a long history of delivering value-driven software solutions that save on…

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NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD

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