Investing.com -- Empro Group Inc (NASDAQ:EMPG), a beauty and personal care brand from Malaysia, saw its shares start trading at $4.26 on Wednesday, above its initial public offering price of $4.00 per share.

The company raised approximately $5.5 million in gross proceeds from the offering of 1,375,000 ordinary shares, before deducting underwriting discounts and other expenses.

Empro Group’s shares are now trading on The Nasdaq Capital Market under the ticker symbol "EMPG".

The company has granted the underwriter, R.F. Lafferty & Co., Inc., an option to purchase up to an additional 206,250 ordinary shares at the initial public offering price, less underwriting discounts, to cover potential over-allotments. This option can be exercised within 45 days from the effective date of the Registration Statement.

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