IPOs Scheduled for This Week – Benzinga

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.

  • Anfitrite Digital Inc AMDI will go public starting February 20, 2024. The company has a price range of $3.50 to $4.50 with a lockup period of 180 days. Amfitrite Digital Inc will offer 1,750,000 shares at a per share value of $4.00.

Evaluation of IPOs

An initial public offering, or IPO, is the transitional process by which a private company decides to go public and offer shares to investors on the stock exchange. Typically, IPOs offer companies a chance 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 important pre-offering data.

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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