Wellchange Shares Open For Trade At $3.90/Share; IPO Priced At $4/Share On 1.1M Shares
Portfolio Pulse from Benzinga Newsdesk
Wellchange's shares began trading at $3.90 per share, slightly below the IPO price of $4 per share for 1.1 million shares.
October 02, 2024 | 2:46 pm
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Wellchange's shares opened at $3.90, below the IPO price of $4, indicating a lukewarm market reception.
The opening price of Wellchange's shares at $3.90, below the IPO price of $4, suggests a weaker than expected demand. This could lead to a short-term negative impact on the stock price as investors may perceive the IPO as overvalued.
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