Payments app shares rise after 2 companies lead $20 million IPO

By Katryna Perera (August 23, 2022, 9:14 PM EDT) – After raising $20 million in a U.S. initial public offering guided by Hunter Taubman Fischer & Li LLC and underwriters’ attorney Loeb & Loeb LLP , Malaysian payment app provider Starbox Group closed its first day as a public company trading at nearly four times its IPO price.

Starbox Group Holdings Ltd., which provides a payment app in Malaysia that offers cashback, publicly announced the results of the offer on Tuesday and the 5 million ordinary shares began trading on the Nasdaq Capital Market under the STBX symbol. He offered 5 million shares at $4 apiece and ended the day…

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