Live entertainment co Venu bounces after scrapping stock sale

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