Septerna IPO Shares Open For Trade At $23.50/Share; IPO Priced At $18/Share On 16M Shares
Portfolio Pulse from Benzinga Newsdesk
Septerna's IPO shares opened for trading at $23.50 per share, above the IPO price of $18 per share, with 16 million shares offered.
October 25, 2024 | 4:17 pm
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POSITIVE IMPACT
Septerna's IPO shares opened at $23.50, significantly above the IPO price of $18, indicating strong market demand.
The opening price of Septerna's IPO shares at $23.50, compared to the IPO price of $18, suggests strong demand and positive market sentiment. This is likely to drive the stock price up in the short term as investors show interest.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100