ERock valued at $5.5 billion as energy firm's shares fall in NYSE debut - Reuters
ERock valued at $5.5 billion as energy firm's shares fall in NYSE debut Reuters
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"The aftermarket performance indicates that investors are pushing back on the valuation amid execution risk."
— Lukas Muehlbauer , Executive
"We decided that it was the right time (to go public) because our projects were getting bigger and bigger."
— John Carrington , Executive
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<a href="https://news.google.com/rss/articles/CBMiswFBVV95cUxPV2JrU2VETlFNN2xjMUhTeDdQNUx1NzdVT2h4VTBXa0RTcklRc2ZhbElsSk5GR3lpYlA4SzRPamZzRlgwcE1EUDkxb2wtV3ROMVpuTmh0cElmSExKVXFHSzQyTkt0eG5HcGF5UTZVTEM3cWQ3anFLeVpOQXpsWmdpZUlGZU5qcWhrbFBxSXZRY29fU1IyYjVqeEl4SzFHN3l2VUhDR2dma2VXSC02TEFkTTlIRQ?oc=5" target="_blank">ERock valued at $5.5 billion as energy firm's shares fall in NYSE debut</a> <font color="#6f6f6f">Reuters</font>
Gas generator maker ERock's shares fell 6.5% in their New York Stock Exchange debut, opening at $20.10, below the offer price of $21.50, valuing the firm at $5.49 billion on a fully diluted basis.
ERock Inc.'s stock (NYSE: EROC) fell 6.5% on Wednesday, opening at $20.10 after the company's initial public offering priced at $21.50 per share.
Gas generator maker ERock's shares fell 6.5% in their New York Stock Exchange debut, opening at $20.10, below the offer price of $21.50, valuing the firm at $5.49 billion on a fully diluted basis.
Gas generator maker ERock's shares fell 6.5% in their New York Stock Exchange debut, opening at $20.10, below the offer price of $21.50, valuing the firm at $5.49 billion on a fully diluted basis.
ERock, a gas generator maker selling backup power for data centers, raised $600 million in its IPO. But the stock still debuted below its $21.50 offer price on the NYSE, despite a $1.28 billion order backlog that’s heavily tied to AI-driven data center builds.
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