Loar Holdings IPO Indicating $45/Share On 1,358,744 Shares; IPO Priced At $28/Share
Portfolio Pulse from Benzinga Newsdesk
Loar Holdings has indicated its IPO price at $45 per share, significantly above the initial pricing of $28 per share, on a total of 1,358,744 shares.
April 25, 2024 | 3:57 pm
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POSITIVE IMPACT
Loar Holdings' IPO price indication has significantly increased to $45 per share from the initially priced $28 per share.
The substantial increase in the IPO price indication for Loar Holdings from $28 to $45 per share suggests strong investor interest and market confidence in the company. This is likely to have a positive impact on the stock's performance in the short term as it indicates a higher valuation and demand for the shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100