RanMarine Technology B.V.

RanMarine Technology B.V. (RAN) priced its initial public offering on Apr 22, 2024 at $5.50 per share, raising $8.7M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $61.3M. Craft Capital was lead-left underwriter. Sichenzia Ross Ference Carmel advised the company and Sheppard Mullin advised the underwriters.

RanMarine Technology B.V. is a cleantech company that designs, manufactures and sells autonomous surface vessels. Its robotic electric vessels harvest plastic pollutants, algae, biomass and oils from water while collecting water quality data.

Status

IPO

Ticker

RAN

Exchange

Nasdaq Capital Market

Priced

Apr 22, 2024

IPO price

$5.50

Raised

$8.7M

Market cap at IPO price

$61.3M

First filed

Jul 11, 2023

Underwriters

Craft Capital

Company counsel

Sichenzia Ross Ference Carmel

Underwriters' counsel

Sheppard Mullin

Sector

Industrials & materials

Country / state

Netherlands

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