With the start of a new week comes excitement around a new group of companies looking to make a difference through their IPOs. According to Benzinga Prothese enticing companies are set to go public this week.
- Forza X1, Inc FRZA will be publicly traded starting August 11, 2022. Forza X1, Inc will offer 3,000,000 shares at $5.0 per share with an insider lock-up period of 180 days.
Evaluation of 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.