Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By IPO Scoop (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

The IPO Buzz: Greek Shipping Company ICON Energy Prices Micro-Cap IPO at $4.00 – Low End

Friday, July 12, 2024 10:24

% of readers think this story is Fact. Add your two cents.

Greek shipping company ICON Energy Corp. (ICON) priced its tiny IPO at $4.00 – the low end of its range. The company sold 1.25 million shares – as expected – at $4.00 each to raise $5 million on Thursday night, July 11, 2024. The price range was $4.00 to $6.00. ICON Energy’s stock is expected to start trading today – Friday, July 12, 2024 – on the NASDAQ. The company is incorporated in the Republic of the Marshall Islands. Maxim Group was the sole book-runner. ICON Energy Corp., based in Athens, is an international shipping company that provides worldwide seaborne transportation services for dry bulk cargo, including “major bulks” such as iron ore, coal, grains and bauxite, and “minor bulks” such as steel, sugar, fertilizers, cement and scrap metal, the prospectus says. “Upon completion of this offering, we will own one Panamax dry bulk vessel, named the M/V “Alfa” with a carrying capacity of approximately 77,326 dwt,” the prospectus says. (Dwt stands for dead weight tonnage – the weight that the ship can carry.) The ship was built in Japan in 2006. “Our Initial Vessel is currently employed by an international commodity trading conglomerate, on a time charter expiring between October 2025 and February 2026, at a floating daily rate linked to the Baltic Panamax Index,” the prospectus says. ICON Energy is managed by Pavimar Shipping Co., which “is controlled by our Chairwoman and Chief Executive Officer, Mrs. Ismini Panagiotidi,” the prospectus says. The company is profitable. For the year that ended Dec. 31, 2023, ICON Energy reported net income of $1.16 million on revenue of $4.48 million, according to the prospectus.

(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on IPOScoop.com’s website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.

Source: https://www.iposcoop.com/the-ipo-buzz-greek-shipping-company-con-energy-prices-micro-cap-ipo-at-4-00-low-end/

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Lion’s Mane Mushroom Nootropic

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.

Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.

Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.

Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.

Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Online:
Visits:	1,621,782,832
Stories:	8,203,744