River City Bank IPO Opens At $45/Share; IPO Priced At $45/Share
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Why It Matters
River City Bank just started selling shares to the public for the first time, and the opening price matched the planned price of $45 per share. When a new company's stock opens right at its planned price, it shows that buyers and sellers agreed on what it was worth.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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