Xjet Ltd To Start Trading Tomorrow
Portfolio Pulse from Benzinga Insights
XJet Ltd (NASDAQ:XJET) is set to start trading on the NASDAQ exchange on September 22. The company is offering shares at an expected price of $4.00 per share with an insider lock-up period of 180 days ending on March 20, 2024. XJet Ltd develops and manufactures unique additive manufacturing solutions.
September 21, 2023 | 3:00 pm
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XJet Ltd is going public on NASDAQ. The IPO price is set at $4.00 per share with a 180-day insider lock-up period. This could lead to increased market attention and potential volatility in the stock's price.
IPOs often attract significant market attention, which can lead to increased trading volume and price volatility. The lock-up period could also impact the stock's price as insiders are not allowed to sell their shares during this time, potentially limiting the supply of shares and affecting the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100