logo-loader

IPO Roundup: Automotive ecommerce operator LMP Automotive Holdings goes public with $11.5M IPO

The company offered 2.3 million shares at $5 per share, the low end of its projected range

Businessman is shopping online to choose a cars to buy about internet of thing concept
LMP provides a marketplace for users to buy, sell, subscribe for or finance new and used automobiles.

LMP Automotive Holdings Inc (NASDAQ:LMPX), a Plantation, Florida-based company operating an automotive e-commerce platform, finally went public with a $11.5 million IPO.

The company originally filed with the SEC in June for a $7 million IPO, then increased and decreased again its offering size. Now, the company upped its offering by 200,000 shares to 2.3 million to maintain its offering size after pricing at $5 per share, the low end of its $5 to $6 range.

LMP provides a marketplace for users to buy, sell, subscribe for or finance new and used automobiles. The company buys automobiles from manufacturers at fleet prices, then sells or rents them to consumers.

Trading opened Thursday at $5 and has remained flattish.

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Lexaria Bioscience and Cannadips CEO’s discuss key point of...

Lexaria BioScience (OTC: LXRP-CSE: LXX) CEO Chris Bunka and Case Mandel, CEO of Cannadips joined Steve Darling from Proactive Vancouver on Skype with news the company has signed a licensing deal for their DehydraTech technology with Cannadips from Humboldt, California. Bunka telling Proactive...

1 day, 17 hours ago

2 min read