Innovation Beverage Group Ltd

Innovation Beverage Group Ltd (IBG) priced its initial public offering on Sep 27, 2024 at $4.00 per share, raising $5.4M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $33.4M. Benchmark was lead-left underwriter. K&L Gates and Sichenzia Ross Ference Carmel advised the company and Sheppard Mullin advised the underwriters.

Innovation Beverage Group Ltd develops, manufactures, markets, exports and retails a portfolio of 60 beverage formulations across 13 alcoholic and non-alcoholic brands it holds exclusive manufacturing rights for. It focuses on premium brands and owns an e-commerce wine retailer, Wired For Wine.

Status

IPO

Ticker

IBG

Exchange

Nasdaq Capital Market

Priced

Sep 27, 2024

IPO price

$4.00

Raised

$5.4M

Market cap at IPO price

$33.4M

First filed

Aug 19, 2022

Underwriters

Benchmark

Company counsel

K&L Gates and Sichenzia Ross Ference Carmel

Underwriters' counsel

Sheppard Mullin

Sector

Consumer

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.