SQL Technologies prices $23M IPO, trading starts today

By Khyathi Dalal,

SQL Technologies (SKYX) priced its upsized 1.65M shares IPO at a price of $14/share; underwriters granted 30-day option to purchase up to 247.5K additional shares.

The offering price was increased from a preliminary range of $11.00 to $13.00 to a price of $14/share.

Gross proceeds are expected to be $23.1M.

Shares are expected to commence trading under the symbol, “SKYX” from today.

Offer is expected to close on Feb.14.

Sky Technologies has a series of highly disruptive advanced-safe-smart platform technologies, with 60+ U.S. and global patents and patent pending applications.

Source : https://seekingalpha.com/news/3798412-sql-technologies-prices-23m-ipo-trading-starts-today?utm_source=feed_news_ipos&utm_medium=referral

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