Live entertainment co Venu bounces after scrapping stock sale

Venu Holding

29/01/2026 11:08

** Venu Holding VENU.A shares up 25.9% before the bell to $6.47 after h
    ospitality and live entertainment firm pulls planned $75 mln stock offering

    ** Colorado Springs-based VENU late Weds terminated the offering saying "current market conditions are not conducive for an offering on terms that would be in the best interests of the Company’s shareholders"

    ** VENU shares on Weds plunged 40% to record low close of $5.14 after commencing the offering late Tues

** Through Weds, shares are 72% below their intraday record peak of $18.17 hit in Aug

** VENU debuted in Nov 2024 $12 mln IPO priced at $10

** All 3 analysts rate the stock "buy" with PTs of $15, $15.30 and $17, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))