Alumis IPO Price Indicating $12.25/Share On 459,906 Shares; IPO Priced At $16/Share On 13.125M Shares
Portfolio Pulse from Benzinga Newsdesk
Alumis has set its IPO price at $16 per share for 13.125 million shares, with an indication price of $12.25 per share on 459,906 shares.
June 28, 2024 | 4:12 pm
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NEUTRAL IMPACT
Alumis has priced its IPO at $16 per share for 13.125 million shares, with an indication price of $12.25 per share on 459,906 shares. This pricing strategy may suggest a cautious market sentiment.
The IPO pricing at $16 per share for a large volume of shares indicates a strong initial valuation. However, the lower indication price of $12.25 per share on a smaller volume suggests some market caution. This mixed signal could lead to neutral short-term price movements as investors gauge market reception.
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