27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
With the start of a new week comes the excitement surrounding a new set of companies looking to make an impact through their public offerings. According to Benzinga Pro, these enticing companies are scheduled to trade publicly this week.
- S-Evergreen Holding LLC (NYSE:SVV) becomes publicly listed starting on June 29, 2023. The company has a price range set between $15.00 and $17.00 with a 180-day lockup period. S-Evergreen Holding LLC will be offering 18,750,000 shares at a per-share value of $16.00.
- Kodiak Gas Services, Inc (NYSE:KGS) becomes publicly listed starting on June 29, 2023. The company has a price range set between $19.00 and $22.00 with a 180-day lockup period. Kodiak Gas Services, Inc will be offering 16,000,000 shares at a per-share value of $20.50.
- FIDELIS INSURANCE HOLDINGS LIMITED (NYSE:FIHL) will be trading publicly starting on June 29, 2023. The company's price band is set between $16.00 and $19.00 with an insider lock-up period of 180 days. FIDELIS INSURANCE HOLDINGS LIMITED will be offering 17,000,000 shares at a per-share value of $17.50.
- GEN Restaurant Group, Inc (NASDAQ:GENK) will be trading publicly starting on June 27, 2023. The company's price band is set between $10.00 and $12.00 with an insider lock-up period of 180 days. GEN Restaurant Group, Inc will be offering 3,000,000 shares at a per-share value of $11.00.
Breaking Down IPOs
An initial public offering, or IPO, is the transitional process of a private company deciding to go public and offer shares to investors on an exchange. Typically, IPOs offer companies the ability to build capital. Before a company becomes publicly listed, it must meet SEC requirements and work with investment banks through audits to determine pricing, offering date, and other important data points before the offering.
Companies and investment banks will work to establish a price range that the stock is expected to sell between. This is known as an offering range. Once a company goes public, its stock comes with an opening price. The insider lock-up period is usually a set number of days after an IPO where company insiders, or employees with a 10% or higher stake in their company, cannot sell shares.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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