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 Pro, these enticing companies are set to go public this week.
- Jupiter Neurosciences, Inc IN THE EVENING will be publicly traded starting September 7, 2022. The company’s price range is $5.00 to $7.00 with an insider ban of 180 days. Jupiter Neurosciences will offer 2.5 million shares at $6.00 per share.
What are IPOs?
An initial public offering, or IPO, is the transition process of a private company that decides to go public and offer investors shares on an exchange. Typically, IPOs offer companies an opportunity to raise capital.
Before a company goes public, it must meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other key pre-offering data points.
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 created by Benzinga’s automated content engine and reviewed by an editor.
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