IMC Rare Earths Debuts on NYSE American With $525 Million Market Cap After $20 Million IPO
Updated
Updated · PR Newswire · Jul 29
IMC Rare Earths Debuts on NYSE American With $525 Million Market Cap After $20 Million IPO
1 articles · Updated · PR Newswire · Jul 29
Summary
$525 million IMC Rare Earths began trading on NYSE American after raising $20 million in an IPO that priced 4 million shares at $5 each.
The listing was featured in the NYSE's July 29 pre-market update, with Roberts & Ryan CEO Ed D'Alessandro set to discuss the deal as its bookrunner on NYSE Live.
The debut comes as investors await the Federal Reserve's 2 p.m. ET rate decision, with two-thirds of traders expecting the target range to stay at 3.5% to 3.75%.
Fed Chair Kevin Warsh is scheduled to speak at 2:30 p.m. ET, leaving IMC's first trading day unfolding against a closely watched macro backdrop.