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OFA Group (NASDAQ: OFAL), an architectural design firm, has successfully completed its Initial Public Offering (IPO) of 3,750,000 ordinary shares at $4.00 per share, raising total gross proceeds of $15 million. The company's shares began trading on the Nasdaq Capital Market on May 21, 2025, under the ticker symbol "OFAL".
The underwriter, R.F. Lafferty & Co., has been granted an option to purchase up to an additional 562,500 shares at the IPO price within 45 days. OFA plans to use the proceeds for developing architectural AI services, enhancing service capacity through in-house teams, and general working capital, including establishing a U.S. subsidiary and expanding marketing efforts.
OFA Group (NASDAQ: OFAL), an architectural design firm, has announced the pricing of its initial public offering (IPO) of 3,750,000 ordinary shares at $4.00 per share, raising total gross proceeds of $15 million. Trading is set to begin on the Nasdaq Capital Market on May 21, 2025 under the symbol \"OFAL\".
The underwriter, R.F. Lafferty & Co., has been granted an option to purchase up to 562,500 additional shares. The company plans to use the proceeds for developing architectural AI services, enhancing service capacity through in-house teams, and general working capital, including establishing a U.S. subsidiary and expanding marketing efforts.
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