Lab-grown diamond maker Adamas One raises $11 mln in IPO

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Lab-grown diamond maker Adamas One raises $11 mln in IPO
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Adamas One Corp. undefined said it priced 2.45 million shares at $4.50 a share for proceeds of $11 million in its initial public offering for trading on...

Adamas One Corp. said it priced 2.45 million shares at $4.50 a share for proceeds of $11 million in its initial public offering for trading on Friday on the Nasdaq. The Scottsdale, Ariz.-based company specializes in lab-grown diamonds for jewelry and industrial uses. Alexander Capital LP is sole book-running manager for the offering. Adamas One priced its IPO at the bottom of its estimated range of $4.50 to $5 a share.

... Adamas One Corp. JEWL said it priced 2.45 million shares at $4.50 a share for proceeds of $11 million in its initial public offering for trading on Friday on the Nasdaq. The Scottsdale, Ariz.-based company specializes in lab-grown diamonds for jewelry and industrial uses. Alexander Capital LP is sole book-running manager for the offering. Adamas One priced its IPO at the bottom of its estimated range of $4.50 to $5 a share.

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