Sagimet Biosciences IPO Indicating $16 On 239K Shares; IPO Priced At $16/Share On 5.3125M Shares
Portfolio Pulse from Benzinga Newsdesk
Sagimet Biosciences has priced its Initial Public Offering (IPO) at $16 per share, with 5.3125 million shares being offered. The IPO is currently indicating $16 on 239K shares.
July 14, 2023 | 3:12 pm
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Sagimet Biosciences has priced its IPO at $16 per share. The IPO is indicating $16 on 239K shares.
The IPO pricing is a critical event for a company and its investors. The pricing at $16 per share indicates the value the market is initially willing to pay for the company's stock. However, the short-term impact on the stock price is neutral as the IPO is priced as indicated.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100