Greenlane Holdings opens up 35% in IPO debut
Greenlane Holdings Inc. shares GNLN, +39.71% rocketed 35% in their trading debut Thursday, after the U.S. maker of cannabis vape hardware and accessories priced its initial public offering above its price range. Greenlane sold 6 million shares priced at $17 each to raise $102 million. Lead underwriters Cowen & Co. and Canaccord Genuity have access to an additional 800,000 shares from selling shareholders. The stock is trading on Nasdaq, under the ticker symbol "GNLN.
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