CG Oncology IPO Shares Opened For Trade At $29/Share; IPO Was Priced At $19/Share On 20M Shares
Portfolio Pulse from Benzinga Newsdesk
CG Oncology's IPO shares opened at $29 per share, significantly higher than the IPO price of $19 per share on an offering of 20 million shares.
January 25, 2024 | 6:40 pm
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POSITIVE IMPACT
CG Oncology's shares opened trading at $29, a substantial increase from the IPO price of $19, indicating strong investor interest.
The opening price of CG Oncology's shares at $29, which is significantly higher than the IPO price of $19, suggests a strong demand for the stock and positive investor sentiment. This could lead to a short-term upward price momentum as the market responds to the successful IPO.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100