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Baby goods retailer PishPosh (NASDAQ: BABY) raised $9 million from an initial public offering on Wednesday.
PishPosh offered 1.8 million shares at a price of $5 per share. Boustead serves as the lead book broker. The shares are expected to begin trading on Nasdaq on Wednesday under the symbol BABY.
The online retailer first filed for the initial public offering in October, seeking $8 million.
Based in New Jersey, PishPosh is a baby goods merchandiser aimed at middle-class and affluent shoppers. The company sells its products primarily through its website pishposhbaby.com and third-party sellers like Amazon.
For more information on PishPosh, see “PishPosh Proposes New IPO Terms” by Donovan Jones.