Powell Max Limited To Start Trading Tomorrow
Portfolio Pulse from Benzinga Insights
Powell Max Limited (NASDAQ:PMAX) is set to start trading on the NASDAQ exchange on September 5, 2023. The IPO price is expected to be between $4.00 and $6.00 per share, with an insider lock-up period of 180 days.
September 04, 2024 | 3:00 pm
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Powell Max Limited is launching its IPO on NASDAQ, with shares priced between $4.00 and $6.00. The insider lock-up period is 180 days, which may affect stock liquidity and price volatility.
The IPO of Powell Max Limited is a significant event as it marks the company's entry into the public market. The pricing range suggests potential investor interest, and the 180-day lock-up period could lead to initial price stability followed by potential volatility once the lock-up expires.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100