Nubia Brand International priced its initial public offering of 11 million units at $10 each, an increase of 1 million more units than expected. The units list on the Nasdaq and begin trading today under the ticker symbol NUBIU. Each consists of one share and one-half of a warrant.
When the securities begin separate trading, shares and warrants are expected to be listed under the symbols NUBI and NUBIW.
Nubia is focused on wireless telecommunications companies.
EF Hutton is sole book running manager for the offering. Read more.
