Stran & Company, Inc.

Stran & Company, Inc. (STRN) priced its initial public offering on Nov 10, 2021 at $4.15 per share, within its $4.00–$5.00 range, raising $18M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $59.5M. Bevilacqua advised the company and Robinson & Cole advised the underwriters.

Stran & Company, Inc. is an outsourced marketing solutions provider. It develops marketing programs using promotional products and loyalty incentive expertise, buying products and branding from third-party manufacturers and decorators and reselling the finished goods to customers.

Status

IPO

Ticker

STRN

Exchange

Nasdaq Capital Market

Priced

Nov 10, 2021

IPO price

$4.15

Price range

$4.00–$5.00

Raised

$18M

Market cap at IPO price

$59.5M

First filed

Oct 7, 2021

Company counsel

Bevilacqua

Underwriters' counsel

Robinson & Cole

Sector

Business services

Country / state

MA

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