Star Fashion Culture Holdings Shares Open For Trade At $3.75/Share; IPO Priced At $4/Share On 2.125M Shares
Portfolio Pulse from Benzinga Newsdesk
Star Fashion Culture Holdings began trading at $3.75 per share, below its IPO price of $4 per share, with 2.125 million shares offered.
October 11, 2024 | 3:43 pm
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NEGATIVE IMPACT
Star Fashion Culture Holdings' shares opened at $3.75, below the IPO price of $4, indicating a weak market debut.
The opening price of $3.75, below the IPO price of $4, suggests lower investor demand or confidence, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100