This Week's Scheduled IPOs
Portfolio Pulse from Benzinga Insights
Amphitrite Digital Inc (NASDAQ:AMDI) is scheduled for an IPO on Feb. 20, 2024, with a price range of $3.50 to $4.50 and an offering of 1,750,000 shares at $4.00 each. The article also explains the IPO process, including SEC requirements, the establishment of a price range, and the insider lock-up period.
February 18, 2024 | 5:09 pm
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Amphitrite Digital Inc is launching its IPO on Feb. 20, 2024, with shares priced at $4.00 within a range of $3.50 to $4.50.
The IPO of Amphitrite Digital Inc represents a significant milestone for the company, allowing it to raise capital by offering 1,750,000 shares to the public. The set price range and the specific offering price indicate a positive outlook by the company and its underwriters on the demand for its shares. This could attract investor interest and potentially lead to a positive short-term impact on its stock price post-IPO.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100