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Utime share price4/15/2023 ![]() ![]() (Bloomberg) - Every quarter or so in the U.S. UTME intends to sell 3.75 million shares of common stock at a proposed midpoint price of 4.50 per share for gross proceeds of approximately 17 million, not including the sale of customary. Get the latest UTime Ltd (UTME) stock report data, including Financial Strength, Profitability and Valuation data (updated: 7). equity capital markets, there’s a least one debut by a tiny company which completely blows up charts and traders’ minds. Stock Ideas All-In-One Screener S&P 500 Map S&P 500 Bubble S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52 -week/3Y/5Y Lows 52. ![]() The Chinese maker of mobile phones and accessories went public on Tuesday in New York at $4 share. By Wednesday, the stock hit a peak of $107.33, up nearly 2,600% from its offering price. The company, valued at about $33 million at its debut, now has a market capitalization around $430 million even after the stock retreated Thursday.Īt 875%, its first-day “pop” - as the debut session is known - gave UTime the best debut in the U.S. Analisi di UNICREDIT IT valida per il 17-03-2023, basata sulla chiusura registrata a 16. since Internet service provider Freeserve Plc jumped by 1,261% during the dot-com frenzy in 1999, according to data compiled by Bloomberg for companies that raised more than $10 million. Representatives for the company didn’t immediately reply to an email seeking comment. What is the UTime stock quote today The UTime stock price is 0.86 USD today. UTime is off the charts, but it’s not the only IPO darling in recent years. Stock Predictions Is UTime stock public Yes, UTime is a publicly traded company. Learn about UTime Ltd (UTME:XNAS) stock quote with Morningstar's rating and analysis and stay up to date with the current news, price, valuation, dividends and other stock information to help with. In the week up to 26 February UTime shares plunged 11.98 to a closing position of 0.8503. The company was the latest of 22 IPOs in the U.S. To surge by at least 800% in their debuts over the past decade, according to data compiled by Bloomberg. These firms are fairly small - UTime was the largest of the group raising $15 million. Their listings also tend to be managed by boutique banks. Boustead Securities, Brilliant Norton Securities and Fosun Hani Securities handled the UTime IPO. UTime Ltd is engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. While it’s showing signs of slowing, the IPO market registered a record quarter in the first three months of the year with $215 billion of proceeds, but nearly $100 billion of that came from the record wave of issuance by special-purpose acquisition companies. It also provides Electronics Manufacturing Services (EMS), including Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services, for well-known brands. On Tuesday, the stock closed at 39, or 875 above its 4 initial public offering price, which was at the low end of the expected range of between 4 and 5 a share. One trader defined the price action seen with UTime as mind-blowing, but also an indication of investors’ desire to find and snatch “early on,” what could become a new hot stock. The stocks that fit this profile - small in size with the deal managed by smaller banks - tend to be highly volatile. True to form, UTime is already making its way back down to earth. All Rights Reserved.In New York, shares were trading at $52.89, down 36% on the day. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. ![]()
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