FX.co ★ Linkers Industries Prices IPO At $4 Each

Linkers Industries Limited (LNKS), a Malaysian company specializing in wire and cable harnesses, has announced the pricing of its Initial Public Offering (IPO) for Class A ordinary shares at $4 each. The firm is making available 1.9 million Class A ordinary shares, which are anticipated to start trading on the Nasdaq Capital Market starting December 5, 2024, with the ticker symbol "LNKS." Underwriters have been given a 45-day option to acquire an additional 285,000 Class A ordinary shares at a reduced price. The company intends to allocate the net proceeds from this offering towards acquiring or forming joint ventures in the wire and cable harnesses sector, among other strategic initiatives. The offering is projected to conclude on December 6, 2024, contingent on fulfilling specific conditions.