Gauzy IPO Indicating $16.50/Share On 95K Shares; IPO Priced At $17/Share On 4.41M Shares
Portfolio Pulse from Benzinga Newsdesk
Gauzy's IPO is indicating a price of $16.50 per share on 95,000 shares, while the IPO is priced at $17 per share on 4.41 million shares.
June 06, 2024 | 3:27 pm
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NEUTRAL IMPACT
Gauzy's IPO is priced at $17 per share for 4.41 million shares, with an indication of $16.50 per share on 95,000 shares.
The IPO pricing at $17 per share for a large volume (4.41 million shares) suggests strong initial demand. However, the indication of $16.50 per share on a smaller volume (95,000 shares) could imply some market uncertainty or potential downward pressure. Overall, the impact on the stock price in the short term is neutral as the market digests the IPO pricing and initial trading activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100