Infobird Co. (NASDAQ: IFBD), a software-as-a-service provider of innovative artificial intelligence (“AI”) powered, or enabled, customer engagement solutions in China, is sharing information about its previously announced initial public offering, which is expected to close on April 22, 2021. The company announced pricing for the offering, which is comprised of 6,250,000 ordinary shares; the shares will be available at $4 per share, before underwriting discounts and commissions. The announcement noted that the shares are being offered by Infobird on a firm commitment basis, and the company anticipates the public offering to total and estimated $25 million before payment of typical underwriting discounts, commissions and offering expenses. The offering shares are approved for listing on the Nasdaq Capital Market and began trading on April 20, 2021 under the ticker symbol IFBD. The company also announced that it has granted underwriters a 45-day option to purchase an additional 937,500 ordinary shares at the initial public offering price.
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About Infobird Co. Ltd
Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. For more information about the company, visit www.Infobird.com.
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