Charlotte marketing startup Level Brands raises $12M in IPO
Level Brands Inc., a licensing and marketing company focused on corporate brand management, closed its initial public offering on Thursday and shares are down 8 percent Friday, the first day of trading on the NYSE. Level Brands began trading at $6 per share, but shares fell to $5.52. The company priced its IPO at $6 per share, selling 2 million shares, according to a filing with the Securities and Exchange Commission. The company’s stock trades under the ticker LEVB. Tracking Level Brands’ quick route to an IPO Underwriters for the offering were Joseph Gunnar and Co. LLC and TriPoint Global...
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