Lifestyle branding firm MGO Global (NASDAQ:MGOL) saw its stock rally 30% Tuesday amid news that its senior management would ring the opening bell for Nasdaq next week.
Shares of MGO, which held an initial public offering in January, opened at $1.04. The stock recently changed hands at $1.34 at approximately 11:15 a.m. ET.
Earlier Tuesday, MGO announced that its management team was scheduled to ring the Nasdaq bell on April 4. The company didn’t appear to release any other news or make any SEC filings on Monday or Tuesday.
Based in Miami, MGO counts soccer superstar Lionel Messi as a key client. The company manages Messi’s eponymous lifestyle brand and e-commerce portal The Messi Store. Messi’s fashion line was created by MGO creative director Ginny Hilfiger, who previously worked as a designer for her brother Tommy Hilfiger’s fashion house.
MGO was one of the first IPOs of 2023, raising nearly $8m.