A look at this week’s upcoming IPOs

With the start of a new week comes excitement surrounding a new crop of companies looking to make an impact through their public offerings. According to Benzinga Pro, these attractive companies are expected to go public this week.

• Loar Holdings Inc PRAISE will be publicly traded starting April 26, 2024. The company’s price range is set between $24.00 and $26.00 with an insider lock-up period of 180 days. Loar Holdings Inc will offer 11,000,000 shares at a per share value of $25.00.
• Key Mining Corp KMCM will be publicly traded starting April 25, 2024. Key Mining Corp will offer 4,444,000 shares at a per share value of $2.25 with an insider lock-up period of 180 days.
• RUBRIK, INC RBRK will be publicly traded starting April 25, 2024. The company’s price range is set between $28.00 and $31.00 with an insider lock-up period of 180 days. RUBRIK, INC will offer 23,000,000 shares at a per share value of $29.50.
• Marex Group plc MRX will be publicly traded starting April 25, 2024. The company’s price range is set between $18.00 and $21.00 with an insider lock-up period of 180 days. Marex Group plc will offer 15,385,000 shares at a per share value of $19.50.
• RanMarine Technology BV COURSE will be publicly traded starting April 23, 2024. RanMarine Technology BV will offer 1,435,000 shares at a per share value of $5.50 with an insider lock-up period of 180 days.
• YY Group Holding Limited YYGH will be publicly traded starting April 22, 2024. The company’s price range is set between $4.00 and $5.00 with an insider lock-up period of 180 days. YY Group Holding Limited will offer 1,125,000 shares at a per share value of $4.00.
• mF INTERNATIONAL LIMITED IFM will be publicly traded starting April 22, 2024. The company’s price range is set between $4.00 and $5.00 with an insider lock-up period of 180 days. mF INTERNATIONAL LIMITED will offer 1,560,000 shares at a per share value of $4.50.

What are IPOs?

An initial public offering, or IPO, is the transitional process by which a private company decides to go public and offer shares to investors on the stock exchange. Typically, IPOs offer companies a chance 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 important pre-offering data.

Companies and investment banks will work to establish a price range within which shares are expected to sell. This is known as the bidding range. Once a company goes public, its shares have an opening price. The insider lockout period is usually a set number of days after an IPO in which company insiders, or employees with a 10% or greater stake in their company, cannot sell shares.

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