This Week's Scheduled IPOs
Portfolio Pulse from Benzinga Insights
Mingteng International Corporation Inc (NASDAQ:MTEN) is set to go public on Jan 2, 2024, with an IPO price range of $4.00 to $6.00 per share. The company plans to offer 2,000,000 shares at $5.00 each, with a 180-day lockup period. IPOs allow private companies to raise capital by offering shares on an exchange after meeting SEC requirements and establishing an offering range with investment banks.
December 31, 2023 | 5:06 pm
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Mingteng International Corporation Inc is debuting its IPO with a price range of $4.00 to $6.00 and an offering of 2 million shares at $5.00 each. The company will be publicly traded starting Jan 2, 2024, with a 180-day lockup period for insiders.
The IPO of Mingteng International Corporation Inc is a significant event for the company, marking its transition from private to public. The offering price and range have been set, which will likely attract investor attention. The lockup period is standard, preventing insiders from selling immediately and potentially stabilizing the stock post-IPO. Given the details provided, there is a high relevance and importance to investors, with a positive score indicating an expected increase in interest and potential stock price upon listing.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100