The company initially planned to offer four million shares at a price of $6 per share. Shares initially opened at $9.50 before trading to $10.79 and then retreating to $7.82. Shares have rebounded since, trading around $8.70 -- below its debut price, but still up nearly 45 percent.
It is important to note that shares of Energrous have been trading with a wide bid-to-ask spread. Benzinga phoned NASDAQ who confirmed that trading was operating normally.
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