Massimo opens at $3.60, IPO priced at $4.50

Massimo Group , a manufacturer and distributor of powersports vehicles and pontoon boats, priced its initial public offering of 1.3M shares of its common stock at a price of $4.50 per share. The shares are trading on the Nasdaq under the symbol “MAMO.” Craft Capital Management is acting as sole book-running manager for the offering. R.F. Lafferty is acting as co-underwriter for the offering.