TMD Energy Ltd. (TMDE), a marine bunker fuel company based in Malaysia, priced its small IPO at $3.25 – the low end of its $3.25-to-$3.75 range – and sold 3.1 million shares to raise $10.08 million. Shares of TMD Energy opened at $3.26 – up 1 cent from their IPO price – today – Monday, April 21, 2025 – on the NYSE – American Exchange. TMD Energy’s stock closed at $3.63 – up 38 cents or 10.5 percent – on NYSE – American Exchange volume of about 3.53 million shares on Monday (April 21, 2025), amid a steep sell-off in the broad stock market. The Dow dropped nearly 1,000 points – on track for its worst April since 1932 – according to The Wall Street Journal.
Maxim Group was the sole book-runner.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.