Kayne Anderson BDC IPO Shares Open For Trade At $16.25/Share; IPO Priced At $16.63/Share On 6M Shares
Portfolio Pulse from Benzinga Newsdesk
Kayne Anderson BDC's IPO shares opened for trade at $16.25 per share, below the IPO price of $16.63 per share on 6 million shares.
May 22, 2024 | 2:22 pm
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Kayne Anderson BDC's IPO shares opened at $16.25, which is below the IPO price of $16.63 per share on 6 million shares.
The fact that Kayne Anderson BDC's IPO shares opened below the IPO price suggests weaker-than-expected demand, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100