CNBC The financial services firm that oversees the world’s largest financial markets has made a massive bet on its new stock offering.
The stock, called NetRisk, has a market cap of $50.5 billion and will go public in the first half of 2021.
NetRisks has already received $500 million from investors in the last two weeks, according to Bloomberg.
The company’s stock price has skyrocketed since it was founded in February, and it has a price target of $75.50.
NetRisk’s stock has already raised $15.5 million from people who put money into the company in the past two weeks.
That’s a record for an IPO.
Netrisk CEO Jeff Wysocki told Bloomberg that he expects NetRains stock price to surpass $50 million in 2021.
Wysockis stock is a key indicator for investors, who can gauge how much demand there is for a company’s shares.WYSOCKI: The best way to go is to see where people are buying it and the momentum is there.
That way, you can get a feel for how that market will react.
I think NetRis stock will be in the $50-to-$60 range, I believe it’s going to be in that range for a while.
It is really a phenomenal stock.
Boeing says the NetRice company has made an estimated $100 million in investments since it launched in February.