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Kandal M Venture Limited (Nasdaq: FMFC), a contract manufacturer of luxury leather goods in Cambodia, has successfully completed its Initial Public Offering (IPO) of 2,000,000 Class A ordinary shares at $4.00 per share, raising gross proceeds of $8.0 million.
Trading began on the Nasdaq Capital Market on June 25, 2025, under the symbol "FMFC". The company plans to use the proceeds for expanding into European markets, enhancing production capacity, establishing a new design center, and working capital. The underwriters have a 45-day option to purchase an additional 300,000 shares at the offering price.
Kandal M Venture Limited (Nasdaq: FMFC), a contract manufacturer of luxury leather goods in Cambodia, has announced the pricing of its Initial Public Offering of 2,000,000 Class A ordinary shares at $4.00 per share. Trading is set to begin on June 25, 2025 on the Nasdaq Capital Market.
The company has granted underwriters a 45-day option to purchase up to 300,000 additional shares. The offering is expected to close on June 26, 2025. Proceeds will fund geographical expansion into European markets, enhance production capacity, establish a new design center, and provide working capital.
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