A Look At Upcoming IPOs For The Week
Portfolio Pulse from Benzinga Insights
Upcoming IPOs for the week include Reddit, Inc (NYSE:RDDT), RanMarine Technology B.V. (NASDAQ:RAN), and Intelligent Group Limited (NASDAQ:INTJ), with their public offerings scheduled to start on March 21, 2024, and March 19, 2024, respectively. Reddit, Inc will offer 22,000,000 shares at $32.50 each, RanMarine Technology B.V. will offer 1,435,000 shares at $5.50 each, and Intelligent Group Limited will offer 2,000,000 shares at $4.50 each, all with a 180-day insider lock-up period.
March 17, 2024 | 5:13 pm
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POSITIVE IMPACT
Intelligent Group Limited is scheduled for its IPO on March 19, 2024, with 2,000,000 shares priced at $4.50 each, and a 180-day insider lock-up period.
Given the competitive pricing and the size of the offering, Intelligent Group Limited may see a positive reception from investors, influencing a short-term uptick in its stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
RanMarine Technology B.V. will start trading publicly on March 19, 2024, offering 1,435,000 shares at $5.50 each, with a 180-day insider lock-up period.
As a smaller offering, RanMarine's IPO might attract investors interested in niche technology markets, potentially leading to positive short-term price movement.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Reddit, Inc is set to go public on March 21, 2024, offering 22,000,000 shares at a price of $32.50 each, with a 180-day lockup period.
The anticipation surrounding Reddit's IPO, given its significant user base and media attention, is likely to generate strong investor interest, potentially driving up its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100