Hearing Metagenomi IPO Indicating $11.50/Share On 507,047 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 507,047 shares, which is below the IPO price of $15 per share set for 6.25 million shares.
February 09, 2024 | 4:23 pm
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Metagenomi's IPO is indicating a lower opening price of $11.50 per share compared to the IPO price of $15 per share.
The indication of Metagenomi's shares opening at $11.50, which is significantly lower than the IPO price of $15, suggests a weaker demand or negative market sentiment towards the IPO. This could lead to a short-term negative impact on the stock price as it begins trading.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100