Charah Solutions stock falls in first day of trading, after pricing IPO below range

Discussion in 'Market News' started by sniper-academy, Jun 15, 2018.

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  1. sniper-academy

    sniper-academy Administrator Staff Member

    Sep 30, 2011
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    Shares of Charah Solutions Inc. are down in their first day of trading, after the company, which provides services to the coal and nuclear industries, priced its initial public offering significantly below its expected range. The IPO priced at $12, while the company had expected it to price in the range of $16 to $18. The first trade was executed at 9:54 a.m. for $11.80. Shares are now trading a bit lower, down 4.3% at $11.48. Charah's IPO comes as the Renaissance IPO ETF is up 11% this year, and as the S&P 500 is up 4.1%.

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