ISPC - iSpecimen falls 8% despite raising additional $2.7M from underwriters of IPO

iSpecimen ([[ISPC]] -8.4%) raised an additional $2.7M in gross proceeds after the underwriters of its IPO exercised their option in full to buy 337.5K shares at the IPO price of $8.Total gross proceeds of the IPO were $20.7M.The company, which offers an online marketplace for human biospecimens, had previously sold 2.25M shares for $8 each.ThinkEquity, a division of Fordham Financial Management, Inc., acted as the sole book-running manager for the IPO.Source: Press Release

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iSpecimen falls 8% despite raising additional $2.7M from underwriters of IPO