Hearing Metagenomi IPO Indicating $11.50/Share On 452,845 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 452,845 shares, compared to the initial pricing of $15 per share on 6.25 million shares.
February 09, 2024 | 4:06 pm
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NEGATIVE IMPACT
Metagenomi's IPO indicates a lower opening price of $11.50 per share compared to its initial pricing at $15 per share.
The lower opening price of $11.50 per share for Metagenomi's IPO, compared to the initial pricing of $15 per share, suggests a weaker demand than expected. This could lead to negative sentiment among investors and potentially impact the stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100