Shimmick Prices Pricing Of Initial Public Offering Of 3,575,000 Common Shares At $7/Share
Portfolio Pulse from Benzinga Newsdesk
Shimmick has announced the pricing of its initial public offering (IPO) of 3,575,000 common shares at $7 per share. The shares are set to begin trading on the Nasdaq Global Market on November 14, 2023, under the ticker symbol 'SHIM.'
November 14, 2023 | 6:42 am
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Shimmick's IPO is priced at $7 per share, with 3,575,000 shares to begin trading on Nasdaq on November 14, 2023.
The announcement of an IPO pricing is a significant event for a company and typically leads to increased interest and potential demand for the shares. Given that this is the initial offering, the impact is direct and highly relevant. The pricing at $7 per share sets the stage for the market's reception of SHIM, and initial trading activity could lead to price volatility. Investor sentiment leading up to the trading date will be a key factor in the short-term performance of SHIM's stock.
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