Corporate ActionAug 10, 2026, 05:03 PM
Ticketplus IPO Closes, Raises $15M Gross Proceeds
AI Summary
Ticketplus Ltd. announced the closing of its initial public offering (IPO) on August 10, 2026. The company offered 1,875,000 ordinary shares at an offering price of $8.00 per share, resulting in aggregate gross proceeds of $15,000,000. After deducting underwriting discounts and expenses, Ticketplus received net proceeds of approximately $13,800,000. The shares commenced trading on NYSE American under the symbol "TP" on August 7, 2026, and the company plans to use the net proceeds for platform development, international expansion, strategic acquisitions, and general corporate purposes.
Key Highlights
- IPO closed on August 10, 2026, on NYSE American under symbol "TP".
- Offered 1,875,000 ordinary shares at $8.00 per share.
- Generated aggregate gross proceeds of $15,000,000.
- Received net proceeds of approximately $13,800,000 after underwriting discounts and expenses.
- Granted underwriters a 45-day over-allotment option for up to 281,250 additional shares.
- Net proceeds to be used for platform development, international expansion, acquisitions, sales/marketing, and working capital.
- Officers, directors, and certain shareholders agreed to a 180-day lock-up period.
Price Impact
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