Centuri IPO Price Indicating $22.50 On 300K Shares; IPO Priced At $21/Share On 12.4M Shared
Portfolio Pulse from Benzinga Newsdesk
Centuri's IPO was priced at $21 per share, with an indication of $22.50 on 300K shares. The offering involved 12.4 million shares.
April 18, 2024 | 2:37 pm
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POSITIVE IMPACT
Centuri's IPO was priced at $21 per share but is indicating at $22.50 for 300K shares, showing a positive early response from the market.
The positive indication price of $22.50, higher than the IPO price of $21, suggests a strong market interest and potential for short-term price appreciation. This is based on the early trading indications and the volume of shares offered.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100