ROKIT America IPO Price of 9.50 vs. Book Value of 0.94? What ‘8.56 Dilution’ Means
The estimated IPO price range of 8.50–10.50 is not the only figure worth examining in ROKIT America's S-1/A filing. Assuming an offering at the midpoint price of 9.50, the net tangible book value per share attributable to new investors immediately after the offering would be approximately 0.94, resulting in dilution of 8.56 per share. However, this does not mean the stock price will fall to 0.94 immediately after listing.