A Look At Upcoming IPOs For The Week
Portfolio Pulse from Benzinga Insights
Amphitrite Digital Inc (NASDAQ:AMDI) and Ryde Group Ltd (NYSE:RYDE) are set to go public the week of March 4, 2024, with their IPOs. AMDI's shares are priced between $3.50 and $4.50, offering 1,750,000 shares at $4.00 each. RYDE's shares are priced between $4.00 and $5.00, offering 3,000,000 shares at $4.50 each. Both companies have a 180-day insider lock-up period.
March 03, 2024 | 5:13 pm
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POSITIVE IMPACT
Amphitrite Digital Inc is set for its IPO with shares priced between $3.50 and $4.50, offering 1,750,000 shares at $4.00 each.
The IPO of Amphitrite Digital Inc represents a significant milestone for the company, potentially increasing its market visibility and attracting investor interest. The pricing and share offering details provide a positive outlook, likely leading to an uptick in demand for AMDI shares in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ryde Group Ltd becomes publicly listed with shares priced between $4.00 and $5.00, offering 3,000,000 shares at $4.50 each.
Ryde Group Ltd's IPO is a pivotal event that could enhance its market presence and draw investor attention. The established price range and the volume of shares being offered suggest a strong market debut, potentially leading to increased demand for RYDE shares shortly.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100