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SMXT

Solar systems provider SolarMax Technology prices $18 million IPO at $4 per share; pops 100% on first day

SolarMax Technology, which sells solar energy equipment and LED light systems, raised $18 million by offering 4.5 million shares at $4.00. The company announced its pricing and began trading on Tuesday, opening below issue at $3.50 but finishing at $8.00, for a day-one return of 100%. SolarMax had a long road to its IPO. The company first filed confidentially in late 2016,...read more

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Ticker Company Ticker
Trade
Date
Shares (M) Price Range Deal Size ($M) Underwriters
NYX NYIAX NYX 00/00/00 2.1 $4.00 - $4.00 $8 WestPark Capital
EF Hutton
AMDI Amphitrite Digital AMDI 00/00/00 1.8 $3.50 - $4.50 $7 Kingswood Cap. Mkts.
MTRS Metros Development MTRS 00/00/00 1.0 $6.40 - $6.40 $6 Boustead
EF Hutton

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How to Invest
Ticker Company Ticker Offer Date Deal Size ($M) Current Price Today's Change Return from IPO
SMXT SolarMax Technology SMXT 02/27/24 $18 $4.86
$-3.14
(-39.3%)
21.4%
WETH Wetouch Technology WETH 02/20/24 $11 $3.76
$-0.93
(-19.9%)
-24.9%
TBBB BBB Foods TBBB 02/08/24 $589 $21.09
$+0.90
(4.5%)
20.5%

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