$VERS.N rebounds following IPO dip. Next-gen OS provider VERSES Technologies Inc. is now officially listed on the NEO under $VERS.
A SaaS company founded in 2018 and headquartered in Los Angeles, VERSES was built to enable smart, connected, secure and sustainable organizations, and is on a mission to close the gap between digital and physical systems through intelligent computing. The company provides an extensive suite of integrated technologies to enable dynamic workflows, verifiable traceability, intelligent automation, and collaborative ecosystems.
$VERS.N shares were perhaps slightly overpriced at IPO, as they dropped from $.78 down to $.385. However, shares have made a healthy rebound up to $.53, marking a 38% gain from lows. To me, this is a good sign that although IPO was perhaps overpriced, shares could see some steady gains.
$VERS.N is currently trading at $.34, valued at $21.4 million.
https://ceo.ca/@businesswire/verses-technologies-goes-public-onthe-neo-exchange