Warrantee (NASDAQ:WRNT) stock is on the move Wednesday after the marketing and market research technology company’s shares started trading publicly yesterday.
Let’s get into everything investors need to know about the Warrantee initial public offering (IPO) and what the company is all about below!
What to Know About WRNT Stock
- Shares of WRNT stock started trading yesterday with an IPO price of $4 per American Depositary Share (ADS).
- Those ADSs are at a one-for-one ratio with the company’s common stock.
- The IPO included 2.4 million shares and has the company raising $9.6 million from the offering.
- These funds will be used for hiring additional employees, conducting promotional activities, general advertising and promotion as well as working capital and general corporate purposes.
- Warrantee is a Japan-based company founded in 2013 that offers targeted marketing campaigns to sponsors.
- Its marketing campaign services focus on a “trinity model,” which connects corporate sponsors, campaign participants and the company.
- This has Warrantee developing market campaigns that are designed to benefit all three of these stakeholders.
WRNT stock is seeing strong trading today with some 6.5 million shares changing hands as of this writing. That’s already well above the 3.9 million shares that were traded yesterday. It also has the company’s stock up 13.5% as of Wednesday morning.
Investors looking to sink their teeth into more of the latest stock market news are in the right place!
We’re serving up all of the hottest stock market news that traders need to know about on Wednesday! Among that is what’s moving shares of Dish Network (NASDAQ:DISH) stock, details on Surf Air Mobility ahead of its IPO and a Spotify (NYSE:SPOT) stock upgrade. All of that news is available at the following links!
More Wednesday Stock Market News
- Dish Network (DISH) Stock Dips Despite Amazon Partnership
- SRFM Stock IPO: When Does Surf Air Go Public? What Is the Surf Air IPO Price Range?
- SPOT Stock Alert: Can Spotify Really Rally 28% From Here?
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
