MEDIROM Healthcare Technologies Announces Public Offering of ADSs

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The latest update is out from MEDIROM Healthcare Technologies ( (MRM) ).

MEDIROM Healthcare Technologies Inc. has entered into an underwriting agreement with ThinkEquity LLC to issue and sell 2,860,000 American Depositary Shares (ADS) to the public, priced at $1.61875 per share. This move is part of their public offering strategy, potentially enhancing their market presence and financial standing. Additionally, an over-allotment option allows underwriters to purchase up to 429,000 additional ADSs, providing flexibility in managing share allocation and demand.

More about MEDIROM Healthcare Technologies

MEDIROM Healthcare Technologies Inc. is a Japanese corporation operating in the healthcare technology industry. The company primarily focuses on providing healthcare services and technologies, catering to a wide range of market needs.

YTD Price Performance: -72.38%

Average Trading Volume: 151,681

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $7.8M

For a thorough assessment of MRM stock, go to TipRanks’ Stock Analysis page.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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