WORK Medical Technology Shares Open For Trade At $3.60/Share; IPO Priced At $4/Share On 2M Shares
Portfolio Pulse from Benzinga Newsdesk
WORK Medical Technology's shares began trading at $3.60 per share, below the IPO price of $4 per share for 2 million shares.
August 23, 2024 | 3:37 pm
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WORK Medical Technology's shares opened at $3.60, which is below the IPO price of $4. This indicates a weaker than expected market reception.
The opening price of $3.60, below the IPO price of $4, suggests that investors are not as optimistic about the company's prospects as initially anticipated. This could lead to downward pressure on the stock price in the short term.
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