Synergy CHC Corp. (OTC:SNYR) has closed its IPO, offering 1.15 million shares at $9 each.
The stock price of SNYR has seen a decrease to $8.40, a 6.67% drop from the IPO price.
SNYR’s trading volume on the OTC exchange indicates moderate investor interest post-IPO.
Synergy CHC Corp., now trading under the symbol SNYR on the NASDAQ, has successfully closed its initial public offering (IPO). This event is a pivotal moment for the company, providing it with the necessary capital to pursue its growth and development strategies. The IPO involved the offering of 1.15 million shares, each priced at $9.
Despite the initial pricing, SNYR’s current stock price is $8.40, marking a 6.67% decrease from the IPO price. This change represents a $0.60 drop. During the trading day, the stock fluctuated between a low of $8.15 and a high of $9.30, indicating some volatility in its early trading days.
Over the past year, SNYR has experienced significant price variation, with a high of $10 and a low of $0.12. This range highlights the stock’s potential for both growth and risk. The company’s market capitalization is approximately $63.45 million, reflecting its current valuation in the public market.
Today’s trading volume for SNYR is 48,862 shares on the OTC exchange. This level of activity suggests a moderate interest from investors as the company begins its journey as a publicly traded entity. The IPO is expected to provide Synergy CHC Corp. with the financial resources needed to execute its strategic plans effectively.
