Vida CEO Steps In as $15 Million AI IPO Hits Reality Check
Vida Global Inc. had a choppy start in public markets after its $15 million IPO. Shares fell well below the $4 offer price in early trading as buyers weighed the latest AI small-cap. Vida said it sold 3.75 million Class A common shares in the deal, its first pitch to public investors. Vida is pitching a focused AI-agent story to public investors now, at a point when Wall Street is still funding artificial intelligence but looking less kindly on early-stage firms with little revenue, losses, and light volumes. Shares ended Tuesday at $2.29, down 42.8% from the IPO. Investing.com’s pre-market quotes showed the stock bouncing before the regular U.S. session.
