Fitell Corp IPO Indicating $4 On 72K Shares; IPO Priced At $5 On 3M Shares
Portfolio Pulse from Happy Mohamed
Fitell Corp's initial public offering (IPO) is indicating a price of $4 per share on 72K shares, which is lower than the IPO price of $5 per share on 3M shares.
August 08, 2023 | 2:41 pm
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Fitell Corp's IPO is indicating a lower price than initially priced, which could potentially impact the stock's performance negatively.
The IPO price indication of $4 per share on 72K shares is lower than the IPO price of $5 per share on 3M shares. This could potentially lead to a negative sentiment among investors, impacting the stock's performance negatively in the short term.
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