The OGE Enogex ipo which was initially slated to come out with the price band of $18 to $20 a share has lowered its price band to a much lower price. now it will be available in the price range of $16 to $18 a share each.
The OGE Enogex firm is planning to offer a staggering 7.5 million shares throught the initialpublic offering or IPO, as per the details filed by OGE Enogex to EC or Securities and Excahnge commission of USA.
There is no information about why the company has cgone for a price cut evene before the IPO was brought to the market, but experts believe that it is the market volatiltiy which has forced the company to go for the price cut for its IPO.
the details have been filed with the SEC. let's see when this IPO makes it to the market.
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