Cerberus Cyber Sentinel Corp. (NASDAQ:CISO) stock soared 21% in late morning action Thursday, with shares of the cyber-security consulting group trading 19% over their Nasdaq initial public offering price.
Shares of Cerberus, which uplisted to Nasdaq in January, last changed hands at $5.93 at approximately 11:30 a.m. ET. The stock opened at $5.49, spiking to a high of $6.31 in morning trading.
On Jan. 13, Cerberus priced an initial public offering of 2M shares at $5 per share, raising gross proceeds of $10M.
The stock, which had been previously traded over-the-counter, was uplisted to Nasdaq Jan. 14, opening at $7.23 and reaching $8.78 before closing at $5.42.
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