LQR House Prices IPO of 1 Million Shares at $5 Each

LQR House, an alcoholic beverage marketing and brand development company, said its initial public offering of 1 million shares priced at $5 each.

The shares are expected to begin trading on the Nasdaq Capital Market on Thursday under symbol LQR.

The Miami Beach, Fla.-based company plans to use proceeds for acquisitions, investing in marketing of existing brands such as SWOL Tequila, compensating certain executives and general corporate purposes.

The company’s 2022 revenue was $601,131, up from $315,292 in 2021.

Write to Josh Beckerman at josh.beckerman@wsj.com

Read Original Article.