Fly-E Group IPO Price Indicating $5.50; IPO Priced At $4 On 2.25M Shares
Portfolio Pulse from Benzinga Newsdesk
Fly-E Group's IPO is priced at $4 per share for 2.25 million shares, despite an initial indication of $5.50.
June 06, 2024 | 3:10 pm
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Fly-E Group's IPO is priced at $4 per share for 2.25 million shares, which is lower than the initially indicated price of $5.50.
The IPO price being set at $4, lower than the initially indicated $5.50, suggests weaker demand or valuation concerns, which could negatively impact short-term stock performance.
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