With the start of a new week comes the excitement of a new group of companies looking to make a difference through their IPOs. According to Benzinga Pro, these enticing companies are set to trade

With the start of a new week comes the excitement of a new group of companies looking to make a difference through their IPOs. According to Benzinga Prothese enticing companies are set to go public this week.

• bioAffinity Technologies, Inc. BIAF will be publicly traded starting August 30, 2022. The company’s price range is $6.00 to $6.25 with an insider ban of 180 days. bioAffinity Technologies will offer 1,285,000.00 shares at $6.12 per share.
• Hempacco Co., Inc HPCO will be publicly traded starting August 30, 2022. Hempacco will be offering 1,000,000.00 shares at $6.00 per share with an insider lockup period of 180 days.

What are IPOs?

An initial public offering, or IPO, is the transition process of a private company that decides to go public and offer investors shares on an exchange. Typically, IPOs offer companies an opportunity 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 key pre-offering data points.

Companies and investment banks will work to set a price range within which to sell the stock. This is called the supply area.

Once a company goes public, its stock has an opening price. The insider lockup period is typically a set number of days after an IPO, during which company insiders or employees with 10% or more ownership of their company cannot sell stock.

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