NetworkNewsBreaks – Lead Real Estate Co. Ltd. (NASDAQ: LRE) Closes on Initial Public Offering
Lead Real Estate Co. (NASDAQ: LRE) a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo and Kanagawa prefecture, has closed on its initial public offering; the offering consisted of 1,143,000 American Depositary Shares (“ADS”) at a price of $7 per ADS to the public, resulting in gross proceeds of approximately $8 million before the deduction of underwriting discounts and offering expenses. According to the announcement, each ADS represents one ordinary share of the company. The company has also granted a 45-day option to the underwriters to purchase up to 171,450 additional ADSs. The ADSs began trading on the NASDAQ on Sept. 27, 2023. EF Hutton, division…







