SEMrush Holdings (SEMR), which creates tools for digital marketing, got off to a rough start with its IPO in late March. It’s true that the timing was awful as the markets were selling off. As a result, SEMrush priced its offering at the low end of its range of $14 to $16.  Yet this was not enough for investors. On the first day of trading, shares plunged by nearly 20%. SEMrush stock has been able to recover some of the losses, though, and it is currently changing hands for $14.32 per share.
https://www.tipranks.com/news/article/semrush-is-this-broken-ipo-compelling-at-current-levels
SEMrush (NYSE:SEMR)
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SEMrush (NYSE:SEMR)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more SEMrush Charts.