Global law firm Reed Smith advised the underwriters of RedCloud Holdings plc (RedCloud) in the closing of its initial public offering of 4,444,445 of its ordinary shares at a public offering price of $4.50 per share.
The gross proceeds of the offering are approximately $20 million before deducting underwriting discounts and offering expenses.
The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol “RCT” on March 21, 2025.
Roth Capital Partners and Clear Street LLC are acting as active joint book-running managers for the Offering. Rosenblatt Securities Inc. is acting as a passive book-running manager. The Benchmark Company, LLC is acting as co-manager.
The Reed Smith team advising the underwriters was led by Global Corporate Group Capital Markets partners Anthony Marsico and Anne Peetz and included associates Van Vu and Kat McGriskin.
Ellenoff Grossman & Schole LLP and Taylor Wessing LLP also served as legal counsel to RedCloud.
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