Reborn Coffee stock jumps 22% on third day of trading (NASDAQ:REBN)

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Reborn Coffee stock jumps 22% on third day of trading (NASDAQ:REBN)


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Coffee chain Reborn Coffee (NASDAQ:REBN) stock jumped 22% on its third day of trading in the wake of its $7M initial public offering last week.

Shares of Reborn opened at $4.65, hitting an early high of $5.22 before slipping to a low of $4.32. The stock recently changed hands at $4.85 at approximately 10:45 a.m. ET.

Reborn held its IPO on Friday, pricing 1.4M shares at $5 per share. The shares soared to a high of $12.45 during their debut session, before retreating to close at $4.80. The stock ended its second day of trading at $3.99, down 17% from Friday’s close and 20% from its IPO price.

For a more in-depth look at Reborn, check out SA contributor Donovan Jones’s “Reborn Coffee Seeks $40M IPO for Growth”.


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