Rare Earths Americas IPO Finishes Flat at $19 After Early Rally Fades
Rare Earths Americas Inc (NYSE:REA) ended its first day of trading unchanged at $19.00 after an initial rise to $25.00 evaporated over the session. The company raised about $63.3 million from its IPO and intends to deploy the proceeds across a portfolio of exploration and development assets in the U.S. and Brazil.