By Colin Kellaher
Restaurant operator Sushi Ginza Onodera plans to sell nearly 1.07 million shares at between $7 and $8 apiece in its initial public offering.
At the $7.50 midpoint of that price range, the Tokyo-based company expects net proceeds of about $6.5 million, or roughly $7.61 million if the underwriters exercise an option to buy an additional 160,000 shares.
Sushi Ginza Onodera, which operates 13 restaurants globally, said it has applied to list its shares on the Nasdaq Capital Market under the symbol ONDR.
Write to Colin Kellaher at [email protected]
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