Lexeo Therapeutics Shares Open For Trade At $9.50/Share; IPO Priced At $11/Share
Portfolio Pulse from Benzinga Newsdesk
Lexeo Therapeutics' shares began trading at $9.50 per share, lower than its initial public offering (IPO) price of $11 per share.
November 03, 2023 | 4:06 pm
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Lexeo Therapeutics' shares opened at a price lower than its IPO price, indicating a weak market reception.
The opening price of a stock post-IPO is often a strong indicator of market sentiment towards the company. In this case, Lexeo Therapeutics' shares opening below the IPO price suggests a weak market reception, which could potentially lead to a short-term decrease in the stock price.
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IMPORTANCE 80
RELEVANCE 100