Investing.com -- MaxsMaking Inc., a manufacturer of customized consumer goods, began trading on Monday at $4 per share following its initial public offering.

The company priced its IPO at $4.00 per share, offering 1,625,000 A shares with a par value of $0.01 each. This pricing generated gross proceeds of $6,500,000 before deducting underwriting discounts and offering expenses.

MaxsMaking’s shares are now trading on the Nasdaq under the ticker symbol "MAMK".

The company, which focuses on advanced technology and innovation in the customized consumer goods sector, has granted the underwriter an option to purchase up to an additional 243,750 A shares at the public offering price, less underwriting discounts. This over-allotment option can be exercised within 45 days from the closing date of the offering.

Joseph Stone Capital, LLC is serving as the sole underwriter for MaxsMaking’s initial public offering.

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