With the start of a new week comes the excitement of a new group of companies looking to make a difference through their IPOs. According to Benzinga Prothese enticing companies are set to go public this week.
- Alopexx, Inc. ALPX will be publicly traded starting September 22, 2022. Alopexx will offer 5,000,000 shares at $5 per share with an insider lock-up period of 180 days.
- Lichen China Limited LICN will be publicly traded starting September 19, 2022. Lichen China Limited will offer 6,250,000 shares at a price of $4 per share with an insider lock-up period of 180 days.
Understand IPOs
Initial Public Offerings or IPOs are the transitional processes of private companies that decide to go public and offer shares to investors on exchanges. IPOs typically provide companies with an opportunity to raise capital by circulating shares across the market. A company interested in becoming publicly traded must first meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other key data points prior to the offering.
Companies and investment banks will work to set a price range within which to sell the stock. This is called the supply area. Once a company goes public, its stock has an opening price. The insider lockup period is typically a set number of days after an IPO, during which company insiders or employees with 10% or more ownership of their company cannot sell stock.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
