Posted by: Market Watch in Market Information eight minutes in the past SimilarWeb has set its IPO phrases, the corporate introduced Monday
SimilarWeb has set its IPO phrases, the corporate introduced Monday, and expects to cost between $19 and $21. SimilarWeb is promoting 7.5 million shares, with the chief government, Or Provide, promoting a further 500,000. That may worth the Tel Aviv-based digital information analytics firm at greater than $1.5 billion on the pricing midpoint. The inventory is predicted to record on the NYSE beneath the image “SMWB.” J.P. Morgan, Citigroup, Barclays and Jefferies are appearing as lead underwriters for the IPO. The Renaissance IPO ETF has fallen 3.4% for the yr to this point whereas the S&P 500 index is up 11.3% for the interval.Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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