As a new week begins, excitement mounts around a new group of companies looking to make a difference with their IPOs. According to Benzinga Prothese enticing companies are scheduled to go public this week.

• Azitra Inc AZTR will be listed on the stock exchange from May 18, 2023. The company’s price range is $4.50 to $5.50 with a 180-day lock-up period. Azitra Inc will be offering 2,400,000 shares at $5.00 per share.
• Strong Global Entertainment, Inc. SGE will be publicly traded starting May 16, 2023. Strong Global Entertainment, Inc. will be offering 2,000,000 shares at $5.00 per share with an insider lock-up period of 180 days.
• CaliberCos Inc CWD will be publicly traded starting May 16, 2023. CaliberCos Inc will offer 800,000 shares at $5.00 per share with an insider lock-up period of 180 days.
• MDNA Life Sciences Inc MDLS will be publicly traded starting May 16, 2023. The company’s price range is $5.00 to $6.00 with an insider ban of 180 days. MDNA Life Sciences Inc will be offering 2,455,000 shares at $5.50 per share.

Understand IPOs

An initial public offering, or IPO, is the transition process by which a private company 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 set pricing, offering date, and other key pre-offering data points.

Companies and investment banks will work to establish a price range in which the stock is likely to sell. This is called the supply area. As soon as a company goes public, there is an opening price for its shares. The insider hold-up period is typically a set number of days after an IPO, during which company insiders or employees with a 10% or greater interest in their company are not allowed to sell…