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Mikko Lemola
Know Labs (NYSEMKT:KNW) stock was trading slightly higher after the medtech company uplisted its shares to NYSE and conducted a $7M initial public offering.
Shares of Know Labs opened at $3 after pricing at $2 per share. The stock recently changed hands at $2.09 at around 11:45 a.m. ET.
Know Labs offered 3.6M shares for $2 per share. Underwriters were given a 45-day option to buy up to 540K additional shares for $2 per share. The stock was previously traded OTC, closing at $2.53 on Thursday.
Based in Seattle, Know Labs has developed a non-invasive device for blood glucose monitoring.
The deal was upsized from a proposal filed in August that had the company offering 3M shares for $2 per share.
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Image and article originally from seekingalpha.com. Read the original article here.