DayDayCook Prices Initial Public Offering Of 3.9M Class A Ordinary Shares At $8.50/Share
Portfolio Pulse from Benzinga Newsdesk
DayDayCook, a leading content-driven food consumer brand, has announced the pricing of its initial public offering (IPO) of 3.9 million Class A Ordinary Shares at $8.50 per share. The company, listed as DDC Enterprise Ltd (NYSEAM:DDC), has also granted underwriters a 30-day option to purchase up to an additional 585,000 shares at the IPO price, minus underwriting discounts and commissions.
November 17, 2023 | 7:30 am
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DayDayCook has priced its IPO at $8.50 per share, offering 3.9 million shares, with a potential additional sale of 585,000 shares to underwriters.
The IPO pricing event is a significant milestone for DayDayCook and will likely attract investor attention, potentially leading to a positive short-term impact on the stock price. The option for underwriters to purchase additional shares could indicate strong demand and confidence in the company's market debut, which may further bolster the stock price in the short term.
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