Medical hemp production company OXFORD CANNABINOID Technologies (OCT), which has a well-known rapper Snoop Dogg, reached the London Stock Argument, writes CNBC.
As a result of the IPO (primary public offer of stocks on the stock exchange), the OCT was able to attract 16.5 million pounds ($ 23.4 million). The cost of the company is estimated at 48 million pounds (69.1 million dollars).
At the time of publication, the OCT shares were traded by 5.1 pounds per piece. Companies managed to avoid substantial oscillation of quotations in the first hours of trading.
among investors who previously investigated in Oct., large international tobacco companies, the American pharmaceutical company Jazz Pharmaceutical, as well as several investment funds, including the Casa Verde Foundation, co-founder and co-owner. Its share in OCT is two percent.