By Stephen NakrosisInnovation Beverage on Friday said it was planning to size its initial public offering at 1.4 million ordinary shares, with an expected price of $4 apiece. Previously, the company said it expected its IPO would consist of 2.5 million units, each of which would consist of one ordinary share and a warrant to purchase one share. The anticipated offering price for the units was $4.15 each.

Source: Wall Street Journal May 12, 2023 21:25 UTC