With the start of a new week comes excitement surrounding a new crop of companies looking to make an impact through their public offerings. According to Benzinga Pro, these attractive companies are expected to go public this week.
- Mobile-healthcare network solutions MNDR will be publicly traded starting April 3, 2024. The company’s price range is set between $4.00 and $5.00 with an insider lock-up period of 180 days. Mobile-health Network Solutions will offer 2,250,000 shares at a per-share value of $4.50.
Evaluation of IPOs
Initial public offerings, or IPOs, are the transitional processes of private companies deciding to go public and offer shares to investors on the stock exchange. IPOs typically offer companies the chance to raise capital by distributing shares in the market. A company interested in going public must first meet SEC requirements and work with investment banks through audits to determine pricing, offering date and other important data prior to the offering.
Companies and investment banks will work to establish a price range within which shares are expected to sell. This is known as the bidding range. Once a company goes public, its shares have an opening price. The insider lockout period is usually a set number of days after an IPO in which company insiders, or employees with a 10% or greater stake in their company, cannot sell shares.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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