Adlai Nortye Shares Open For Trade At $18/ADS; IPO Priced At $23/ADS
Portfolio Pulse from Benzinga Newsdesk
Adlai Nortye's shares have started trading at $18 per ADS, which is lower than its IPO price of $23 per ADS.
September 29, 2023 | 3:12 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Adlai Nortye's shares opened for trading at a price lower than its IPO price.
Adlai Nortye's shares opened for trading at $18 per ADS, which is lower than its IPO price of $23 per ADS. This could indicate a lack of investor confidence in the company, which may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100