Medirom Healthcare prices upsized IPO at $15
- Medirom Healthcare Technologies (MRM) has priced its IPO of 800K ADSs at a price of $15.00/ADS. Each ADS represents one common share, for expected gross proceeds of $12M. The firm operates and franchises wellness salons in Japan.
- Underwriters' over-allotment is an additional 120K ADSs.
- The company initially planned to offer 715K shares at a range of $14-$16 per ADS.
- Net proceeds will be used for working capital and general corporate purposes.
- Trading kicks off today. Closing date is December 31.
- https://seekingalpha.com/news/3647641-medirom-healthcare-prices-upsized-ipo-15
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