A Look At Upcoming IPOs For The Week
Portfolio Pulse from Benzinga Insights
Centuri Holdings, Inc (CTRI) and IBOTTA, INC (IBTA) are set to go public on April 18, 2024, with their IPOs. CTRI's price range is $18.00 to $21.00, offering 12,400,000 shares at $19.50 each. IBTA's price range is $76.00 to $84.00, offering 5,625,000 shares at $80.00 each. Both have a 180-day insider lock-up period.
April 14, 2024 | 7:41 pm
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POSITIVE IMPACT
Centuri Holdings, Inc is launching its IPO on April 18, 2024, with shares priced at $19.50, within a range of $18.00 to $21.00, offering 12,400,000 shares.
The IPO of Centuri Holdings, Inc represents a significant event for the company, allowing it to raise capital by going public. The pricing within the expected range indicates a positive outlook by the company and its underwriters on the demand for its shares, potentially leading to a positive short-term impact on its stock price post-IPO.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
IBOTTA, INC is launching its IPO on April 18, 2024, with shares priced at $80.00, within a range of $76.00 to $84.00, offering 5,625,000 shares.
IBOTTA, INC's IPO is a crucial milestone for the company, enabling it to access public capital markets. The pricing at the upper end of the range suggests confidence from the company and its underwriters in the attractiveness of its shares to investors, likely leading to a favorable short-term impact on its stock price once it begins trading.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100