The company priced 2.85 million American Depositary Shares above expectations, signaling strong investor demand.
Micware priced its initial public offering of 2.85 million American Depositary Shares at $8 each, raising $22.8 million. The offering was upsized from its initial target, reflecting robust investor interest.
Each ADS represents one ordinary share of the company. The pricing follows recent market trends where smaller IPOs have gained traction amid volatile conditions.
No immediate market reaction was disclosed in the announcement.