Palmer Square Capital BDC Completes Initial Public Offering, Offering 5.45M Common Shares At $16.45/Share
Portfolio Pulse from Benzinga Newsdesk
Palmer Square Capital BDC has completed its initial public offering (IPO), offering 5.45 million common shares at a price of $16.45 per share. The shares began trading on the New York Stock Exchange on January 18, 2024, under the ticker symbol 'PSBD'. The company raised approximately $89.7 million in gross proceeds, which will be used to make investments aligned with its investment objectives and strategies.
January 23, 2024 | 7:10 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Palmer Square Capital BDC's successful IPO at $16.45/share has raised $89.7 million, which will be used to fund its investment strategies.
The completion of Palmer Square Capital BDC's IPO is likely to generate investor interest and could lead to a short-term increase in stock price due to the influx of capital and the potential for growth through strategic investments. The IPO was successful, and the funds raised are significant for the company's future operations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100