© Reuters. Adamas One (JEWL) IPO Opens 91% Higher
Today’s IPO for Adamas One Corp. (Nasdaq: JEWL) opened for trading at $8.60 after pricing 2,450,000 shares of common stock at an initial public offering price of $4.50 per share. Shares were halted shortly after openting.
Alexander Capital, LP is acting as sole book-running manager for the offering. Greenberg Traurig LLP and Lucosky Brookman LLP served as co-counsel to Adamas. Carmel, Milazzo & Feil LLP served as counsel to the underwriters.
Adamas is a lab-grown diamond manufacturer that produces near flawless single-crystal diamonds for gemstone and industrial applications, in its facilities in Greenville, South Carolina.
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