IPO Previews For The Week
Portfolio Pulse from Benzinga Insights
BrightSpring Health Services, Inc (BTSG), CG Oncology, Inc. (CGON), and HW Electro Co., Ltd (HWEP) are set to go public this week with their IPOs. BTSG is offering shares at $16.50 within a $15.00-$18.00 range, CGON at $17.00 within a $16.00-$18.00 range, and HWEP at $4.00 per share. All three have a 180-day lockup period.
January 21, 2024 | 7:37 pm
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BrightSpring Health Services, Inc (BTSG) is offering 53,333,000 shares at $16.50, within a $15.00-$18.00 range, with a 180-day lockup period starting Jan. 26, 2024.
The IPO of BTSG is a significant event for the company, and the pricing within the expected range may attract investors. The lockup period could limit early sell-off, potentially supporting the stock price post-IPO.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CG Oncology, Inc. (CGON) is offering 11,800,000 shares at $17.00, within a $16.00-$18.00 range, with a 180-day lockup period starting Jan. 25, 2024.
CGON's IPO is notable due to its focus on oncology, a high-interest sector. The share pricing suggests confidence, and the lockup period may help stabilize the stock initially.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
HW Electro Co., Ltd (HWEP) will offer 3,750,000 shares at $4.00 per share with a 180-day insider lock-up period starting Jan. 24, 2024.
HWEP's IPO is smaller in scale but the low share price could attract retail investors. The lockup period is standard, providing some price stability post-IPO.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100