Benzinga | Aug 31, 2021 06:23AM EDT

Focus Universal Raises $10M Via IPO, Starts Trading From Today

* Internet of Things (IoT) and 5G technology provider Focus Universal Inc (NASDAQ:FCUV) priced 2 million shares at $5 per share to raise $10 million for its initial public offering on the Nasdaq.

* The underwriter has a 45-day option to purchase additional shares up to 0.3 million.

* The stock will start trading under the ticker symbol "FCUV" from today.