Stock Alert: Ebang International Shares Surge 55%

(RTTNews) - Shares of Ebang International Holdings Inc. (EBON) touched a new high of $7.50 Tuesday morning, and are currently trading at $7.15, up $2.56 or 55.77% in regular session. The stock has been trading between $3.80 and $7.50 since its IPO. Trading volume soared to 978K versus an average volume of 271K shares.

ON June 26, the company announced the pricing of its initial public offering of 19.3 million Class A ordinary shares at US$5.23 per Class A ordinary share for the total offering size of about US$100.75 million, assuming the underwriters do not exercise their over-allotment option to purchase additional shares.