San Diego’s Hempacco, a maker of nicotine-free hemp cigarettes, managed to pull off something that few local companies have done this year — price an initial public stock offering.
Hempacco’s stock opened at $6 and jumped to $7.28 on its first day of trading. But the shares have sold off since, closing Wednesday at $3.48 on the Nasdaq exchange.The company originally sought to sell 3 million shares and raise $15 million. But volatile stock markets have spooked IPO investors. Hempacco decided to go ahead with a smaller stock sale now, with the possibility of a secondary offering later if conditions improve, said Chief Executive Sandro Piancone.
Only two tiny San Diego companies have priced IPOs in 2022 — Hempacco and Belite Bio, which went public in April. They raised a combined total of $42 million. In both cases, parent companies maintained majority shareholder voting control of the firms after their IPOs. Nationally, it’s a similar story. The number of IPOs on U.S. stock exchanges is down 75 percent through June 30, with just 54 companies going public, according to the EY Global Trends Report.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
ソース: MarketWatch - 🏆 3. / 97 続きを読む »
ソース: MarketWatch - 🏆 3. / 97 続きを読む »