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 19, 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 price range was attributed to market conditions and the company's desire to raise capital at an attractive valuation. The company stated that it had received strong demand for its IPO, with over 90% of the offering being sold at the lower end of the range.

James River Group is expected to use the proceeds from the IPO to fund its growth initiatives and pay down debt. The company has been growing rapidly in recent years, driven by the shift towards streaming content and the increasing demand for advertising services.

It's worth noting that the stock price of James River Group NASDAQJRVR is subject to change based on various factors such as market conditions, company performance, and investor sentiment. It's always important to do your own research and consult with a financial advisor before making any investment decisions.