Lytus Technologies went public in Nasdaq by raising $12 million

Lytus Technologies went public in Nasdaq by raising $12 million at a $175 million market cap and finished 389% below its IPO price.

Three IPOs and four SPAC went public in the week of June 13, 2022 led by Lytus Technologies (NASDAQ: LYT) Indian provider of content streaming and telecasting services, raised $12 million at a $175 million market cap and finished 389% below its IPO price.

The one SPAC went public this past week are:

1.      Feutune Light Acquisition (no selected target industry)

Together, all the SPACs raised a total of $85 million.

Disclaimer: Hexcellence Consulting, a registered Malaysian company specializing in all aspects of going public in U.S. Capital Markets. The information herein is for informational purposes only and does not constitute legal, financial, or investment advice. While we prioritize accuracy, some data may be sourced from third-party reputable sources. Our views expressed here are our own and may not represent those of third parties or regulatory bodies.

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