DayDayCook Raised $33.2M from Initial Public Offering of 3.9M Shares at $8.50/Share, Likely to Begin Trade on the NYSE From November 17
Portfolio Pulse from Benzinga Newsdesk
DDC Enterprise Ltd, known as DayDayCook, has announced the pricing of its IPO at $8.50 per share, offering 3.9 million shares. The company expects to raise $33.15 million before expenses, with an additional option for underwriters to purchase 585,000 shares. Trading on the NYSE American is set to begin on November 17, 2023, under the ticker symbol 'DDC'.
November 17, 2023 | 7:30 am
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DayDayCook's IPO is priced at $8.50 per share with an expectation to raise $33.15 million. The stock will start trading on the NYSE American on November 17.
The announcement of an IPO typically generates significant investor interest, especially on the first day of trading. The pricing at $8.50 per share is a key piece of information for potential investors. The expected capital raise of $33.15 million indicates the company's market valuation and financial strategy. The short-term impact is likely to be positive due to the new investment opportunity, but will depend on market reception and the company's performance post-IPO.
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IMPORTANCE 90
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