Urban-gro to launch $54M IPO on the Nasdaq Friday
LAFAYETTE — Urban-gro Inc. (OTCMKTS: UGRO) received approval from the Nasdaq Capital Market to list itself on the exchange, setting up its initial public offering of up to $54 million to begin Friday morning.
In a statement, the Lafayette company said it plans to start selling 5.4 million shares at $10 per share under its existing ticker symbol UGRO through next Wednesday. If the IPO is oversubscribed, the company’s underwriters will have the option to purchase up to $8.1 million in additional stock.
The stock spiked in early trading Friday to as high as $13.61 per share before…
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