Asian meals grocer Maison Answers information for $12M IPO
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Asian meals store Maison Answers (MSS) has filed to lift $12M via an preliminary public providing.
The California-based grocer stated in a submitting that it plans to supply 3M stocks priced at $4 in keeping with proportion. Underwriters can be granted a 45-day choice to shop for as much as 450K further stocks.
Maison Answers hopes to listing its stocks on Nasdaq below the emblem MSS. Joseph Stone Capital is serving as lead bookrunner.
The corporate has been running within the black. For the nine-month duration ended Jan. 31, it reported internet source of revenue of $1.2M on earnings of $41M.
Maison Answers plans to make use of a portion of the IPO proceeds to pay down debt, consistent with the submitting.
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