With the start of a new week comes excitement surrounding a new set of companies looking to make an impact through their public offerings. According to Benzinga Pro, these alluring companies are expected to go into public trading this week.
- Beamr Imaging Ltd BMR will be publicly traded from October 21, 2022. Beamr Imaging Ltd will offer three million shares at a value per share of $5 with an insider lock-up period of 180 days.
- First Medicine, Inc. PRME becomes publicly listed from October 20, 2022. The company has a fixed price range between $16 and $18 with a lock-up period of 180 days. Prime Medicine, Inc. will offer 8.9 million shares at a per share value of $17.
- Alopexx, Inc. ALPX will be publicly traded beginning October 19, 2022. Alopexx, Inc. will offer five million shares at a value per share of $5 with an insider lock-up period of 180 days.
Breaking down IPOs
An initial public offering, or IPO, is the transition process of a private company deciding to go public and offer stock to investors on the stock exchange. Typically, IPOs provide companies with the opportunity to build capital. Before a company is listed on the stock exchange, it must meet SEC requirements and work with investment banks through audits to determine pricing, offering date and other points of reference. important data before the offer.
Firms and investment banks will work to establish a price range between which the stock should sell. This is called a range of offers. Once a company goes public, its stock comes with an opening price. The insider lock-up period is usually a set number of days after an IPO, where company insiders or employees with a 10% or more stake in their company cannot sell shares.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.