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.
- Third Harmonic Bio, Inc. THIRD will be publicly traded starting September 15, 2022. The company’s price range is $16-$18 with an insider lock-up period of 180 days. Third Harmonic Bio, Inc. will be offering 9,000,000 shares at a price of $17 per share.
- Corebridge Financial, Inc. CRBG will be listed on September 15, 2022. The company has a price range of $21-$24 with a 180-day lock-up period. Corebridge Financial, Inc. will be offering 80,000,000 shares at $22.50 per share.
- Jupiter Neurosciences, Inc JUNS will be publicly traded starting September 14, 2022. The company’s price range is $5-$7 with an insider lock-up period of 180 days. Jupiter Neurosciences, Inc will be offering 2,500,000 shares at a price of $6 per share.
- Lichen China Limited LICN will be publicly traded starting September 12, 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.
Evaluation of 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 blocking period for insiders is usually…
