Sagimet Biosciences IPO Indicating $17.50 On 131K Shares; IPO Priced At $16/Share On 5.3125M Shares
Portfolio Pulse from Benzinga Newsdesk
Sagimet Biosciences has priced its IPO at $16 per share, with 5.3125 million shares. However, the IPO is indicating $17.50 on 131K shares.
July 14, 2023 | 2:40 pm
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Sagimet Biosciences' IPO is priced at $16 per share but is indicating $17.50 on 131K shares, suggesting a potential increase in value.
The IPO price is set at $16 per share, but the indication of $17.50 on 131K shares suggests that the market may value the shares higher than the IPO price. This could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100