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A Look At Upcoming IPOs For The Week

Benzinga ·  Oct 21 05:04

With the start of a new week comes the excitement surrounding a new set of companies looking to make an impact through their public offerings. According to Benzinga Pro, these enticing companies are scheduled to trade publicly this week.

  • Peak Resources LP (NYSE:PRB) will be trading publicly starting on Oct. 25. The company's price band is set between $13.00 and $15.00 with an insider lock-up period of 180 days. Peak Resources LP will be offering 4,700,000 shares at a per-share value of $14.00.
  • Ingram Micro Holding Corporation (NYSE:INGM) becomes publicly listed starting on Oct. 24. The company has a price range set between $20.00 and $23.00 with a 180-day lockup period. Ingram Micro Holding Corporation will be offering 18,600,000 shares at a per-share value of $21.50.
  • High Roller Technologies, Inc (NYSE:ROLR) will be trading publicly starting on Oct. 22. The company's price band is set between $8.00 and $10.00 with an insider lock-up period of 180 days. High Roller Technologies, Inc will be offering 1,250,000 shares at a per-share value of $9.00.
  • Heritage Distilling Holding Company, Inc (NASDAQ:CASK) becomes publicly listed starting on Oct. 22. The company has a price range set between $4.50 and $5.50 with a 180-day lockup period. Heritage Distilling Holding Company, Inc will be offering 1,500,000 shares at a per-share value of $5.00.

Evaluating IPOs

Initial public offerings, or IPOs, are the transitional processes of private companies deciding to go public and offer shares to investors on exchanges. IPOs typically offer companies the ability to build capital by distributing shares across the market. A company interested in becoming publicly tradeable must first meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other important data points before the offering.

Companies and investment banks will work to establish a price range that the stock is expected to sell between. This is known as an offering range. Once a company goes public, its stock comes with an opening price. The insider lock-up period is usually a set number of days after an IPO where company insiders, or employees with a 10% or higher stake in their company, cannot sell shares.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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