Hearing Metagenomi IPO Indicating $11.50/Share On 413,670 Shares; IPO Priced At $15/Share On 6.25M Shares
Portfolio Pulse from Benzinga Newsdesk
Metagenomi's IPO is indicating an opening price of $11.50 per share on 413,670 shares, compared to the IPO price of $15 per share on 6.25 million shares.
February 09, 2024 | 3:38 pm
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Metagenomi's IPO is opening at $11.50 per share, significantly lower than the initial offering price of $15 per share.
The opening price of Metagenomi's shares at $11.50, which is significantly lower than the IPO price of $15, indicates a weaker than expected market reception. This could lead to short-term negative sentiment among investors, potentially impacting the stock's performance negatively.
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