Legacy Education Shares Opened For Trade At $3.60/Share; IPO Priced At $4/Share On 2.5M Shares
Portfolio Pulse from Benzinga Newsdesk
Legacy Education's shares began trading at $3.60, below the IPO price of $4 for 2.5 million shares.
September 26, 2024 | 2:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Legacy Education's shares opened below the IPO price, indicating a weak market reception.
The opening price of $3.60 is below the IPO price of $4, suggesting lower demand or confidence from investors, which could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100