With the beginning of a new week comes excitement surrounding a new set of companies looking to make an impact through their public offerings. These enticing companies are scheduled to trade publicly this week, according to Benzinga Pro.
An initial public offering, or IPO, is a process in which a private company decides to go public and offer shares to investors on an exchange. IPOs give companies the ability to build capital. Before a company becomes publicly listed, it must meet SEC requirements and work with investment banks through audits to determine pricing, offer date, and other important data points before the offering.
The stock is expected to sell between companies and investment banks as they try to establish a price range. This is known as an offering range. When a company goes public, its stock comes with an opening price. The insider lock-up period is usually a number of days after an IPO when company insiders or employees with a 10% or higher stake in their company can't sell shares.
This article was generated by Benzinga's automated content engine and reviewed by an editor.