Is Akanda IPO Stock a Buy? Looks Like a Risky Bet for Investors

Akanda is expected to start trading on Feb. 21 under the ticker symbol “AKAN.” Previously, the company kept the IPO price range between $4 and $6. However, it has priced the IPO at $4, which is at the lower end of the initial price range. The IPO pricing signals lack of enthusiasm among investors. Boustead Securities is the only bookrunner for the IPO.