A new week brings the excitement of upcoming public company offerings. Benzinga Pro reports that several companies will be trading publicly this week.
- FBS Global Limited FBGL starts trading on Oct. 14. It’s priced between $4.50 and $5.00, offering 2,250,000 shares at $4.75 each, with a 180-day insider lock-up.
What are IPOs?
Initial public offerings (IPOs) allow private companies to sell shares to the public. This helps them raise capital. To go public, a company must meet SEC guidelines and collaborate with investment banks to set pricing and launch dates.
Investment banks help establish an “offering range” for the stock price. After going public, the stock has an opening price, and there’s typically a lock-up period during which insiders (those with 10% or more ownership) can’t sell their shares.
This content was created by Benzinga’s automated system and reviewed by an editor.
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