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Real estate group La Rosa Holdings (LRHC) has downsized its proposed initial public offering to $5M from $7M.
The Florida-based holding company said it is now looking to offer 1M shares priced at $5 per share. Underwriters would be granted a 45-day option to buy up to 150K additional shares at the IPO price to cover over-allotments, according to the filing.
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