With the start of a new week comes excitement over a new set of companies looking to make an impact through their public offerings. According to Benzinga ProThese attractive companies are expected to list on the stock exchange this week.
- Amphitrite Digital Inc AMDI becomes publicly traded from February 20, 2024. The company has a price range between $3.50 and $4.50 with a lock-up period of 180 days. Amphitrite Digital Inc will offer 1,750,000 shares with a per share value of $4.00.
Valuation of IPOs
An initial public offering, or IPO, is the transition process by which a private company decides to go public and offer shares to investors on the stock market. Typically, IPOs provide companies with the opportunity to build capital. Before a company goes public, it must meet SEC requirements and work with investment banks in audits to determine price, offering date and other data points important before the offer.
Companies and investment banks will work to establish a price range within which stocks should sell. This is called a range of offers. Once a company goes public, its shares come with an opening price. The insider lock-up period is generally a set number of days after an IPO during which company insiders, or employees with a 10% or more stake in their company, cannot sell shares .
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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