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 May 12, 2023, the company announced that its board of directors had lowered the price range for its proposed initial public offering (IPO) to $10.00-$11.00 per share. This was a reduction from the previously stated range of $12.00-$14.00 per share.

The lowering of the IPO price range is likely due to market conditions and investor demand. The company may have determined that it can raise more capital at a lower price, which would be more attractive to potential investors. Additionally, the lower price range may reflect the company's current financial position and growth prospects.

It is important to note that the IPO price range is not final and subject to change based on market conditions and other factors. The company will need to file a prospectus with the Securities and Exchange Commission (SEC) before it can proceed with the IPO, which will provide more detailed information about the company's financials and operations.

Overall, the lowering of James River Group's IPO price range is a significant development that investors should closely monitor as they consider investing in the company.