Smith Douglas Homes Corp Shares Open At $23.50 Per Share In NYSE Debut; IPO Priced At $21 Per Share
Portfolio Pulse from Benzinga Newsdesk
Smith Douglas Homes Corp (SDHC) shares opened at $23.50 on their NYSE debut, above the IPO price of $21 per share.
January 11, 2024 | 5:14 pm
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SDHC shares opened at $23.50, which is higher than the IPO price of $21, indicating strong initial demand and positive market reception.
The opening price of SDHC shares being higher than the IPO price suggests a positive market sentiment towards the company. This could lead to a short-term increase in stock price as investors who missed the IPO might be willing to buy at the current market price, driving demand.
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