Empro Group, a Malaysia-based producer and distributor of surgical face masks and cosmetics, raised $6 million by offering 1.4 million shares at $4.00, the low end of the range of $4.00 to $4.50. The company offered 0.1 million more shares than anticipated. At pricing, Empro Group commands a market value of $33 million.
Because the company has a market cap of less than $50 million at IPO, Empro Group will be excluded from Renaissance Capital's IPO stats.
Empro Group plans to list on the Nasdaq under the symbol EMPG. R.F. Lafferty & Co. acted as sole bookrunner on the deal.
