- The stock price of Genius Group (NYSEAMERICAN: GNS) increased 408.33% in its market debut. These are the details.
The stock price of Singapore-based online education company Genius Group (NYSEAMERICAN: GNS) increased by 408.33% in its market debut. These are the details.
The stock price opened at $15.11 and closed at $30.50. This price is up $24.50 from the set $6 IPO price. Genius had sold about 3.3 million shares on Tuesday, April 12.
Genius had a low float and it is a microcap stock, which makes it easier for day traders to drive momentum. The company has over 2.7 million studies across 200 countries. For the first six months ended June 30, the company reported $13.9 million in pro forma revenue.
Boustead Securities served as the lead book-runner.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.