Sagimet Biosciences IPO Indicating $17 On 216K 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 being offered. The IPO is currently indicating $17 on 216K shares.
July 14, 2023 | 2:56 pm
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Sagimet Biosciences' IPO has been priced at $16 per share, with an indication of $17 on 216K shares. This could potentially lead to an increase in the stock's value.
The IPO pricing is a critical event for a company and its stock. In this case, the IPO of Sagimet Biosciences has been priced at $16 per share, but it's indicating $17 on 216K shares. This indicates a potential increase in the stock's value, which could attract investors and drive up the stock price in the short term.
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