James River Group (NASDAQ:JRVR) PT Lowered to $11.00

James River Group is a company that operates in the media and entertainment industry. The company provides services such as advertising sales, production, and post-production for television networks and streaming platforms.

On August 12, 2021, the company announced that its board of directors had lowered the price range for its proposed initial public offering (IPO) to $10.50-$11.50 per share. This was a reduction from the previously stated range of $12.00-$13.00 per share.

The lowering of the IPO price range is likely due to a number of factors, including market conditions and investor demand. The company may have determined that the current market environment is not favorable for an IPO at the higher end of the original price range, so they lowered it in order to increase the likelihood of successful fundraising.

It's worth noting that the lowering of the IPO price range does not necessarily mean that the company will be able to raise as much money as it had originally hoped. The amount of money raised through an IPO is determined by the number of shares sold at the offering price, and this can be affected by a variety of factors, including investor demand and market conditions.

Overall, the lowering of James River Group's IPO price range to $11.00 per share is likely due to market conditions and investor demand, and it may impact the amount of money the company is able to raise through its IPO.