Gelteq IPO Shares Open For Trade At $4.00/Share; IPO Priced At $4.00/Share
Portfolio Pulse from Benzinga Newsdesk
Gelteq's IPO shares have started trading at the initial offering price of $4.00 per share.
October 29, 2024 | 2:50 pm
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NEUTRAL IMPACT
Gelteq's IPO shares have opened for trading at the set price of $4.00 per share, indicating a neutral market reception.
The IPO shares of Gelteq opened at the same price as the initial offering, suggesting that the market has accepted the valuation without immediate upward or downward pressure. This neutral opening indicates that the market's expectations align with the IPO pricing.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100