Roma Green Finance Ltd

Earnings data Q2 2024

The full company name is Roma Green Finance Ltd.

Roma Green priced its shares at $4, representing the bottom of their target range, in a New York IPO that raised about $9.8 million in gross proceeds. The loss-making company's revenue, which is small to begin with, declined in its fiscal year to March last year as it slashed its marketing costs.

Roma Green IPO Underwhelms As Investors Fail To See Green In Its ESG Story

Roma Green Finance (NASDAQ: ROMA ) stock is falling on Wednesday after the company's shares experienced volatility yesterday. That volatility came alongside the initial public offering (IPO) of Roma Green Finance.

Why Is Roma Green Finance (ROMA) Stock Down 19% Today?

HONG KONG, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Roma Green Finance Limited (Nasdaq: ROMA) (the “Company”), a Cayman Islands exempted company that is based in Hong Kong, today announced the pricing of a public offering of 2,449,943 of its ordinary shares at a public offering price of $4.00 per share for aggregate gross proceeds of approximately $9,799,772 prior to deducting underwriting discounts, commissions and other related expenses. Additionally, in connection with the initial public offering, a selling shareholder is selling 625,517 ordinary shares at $4.00 per share, for total gross proceeds of $2,502,068, before deducting underwriting discounts, commissions and other related expenses. The Company will not receive any of the proceeds from the sale by the selling shareholder. The ordinary shares are expected to begin trading on the Nasdaq Capital Market tomorrow, January 9, 2024, under the trading symbol “ROMA.” The offering is expected to close on or about January 11, 2024, subject to customary closing conditions.

News for Roma Green Finance Ltd Stock (ROMA)