Source: Shutterstock

Kenshiba education (Nasdaq:JZ) shares surged Friday following the public debut of the stock in . nasdaq exchange.

This follows Jianzhi Education’s $25 million initial public offering pricing (IPO) yesterday. The company has priced his JZ stock at $5 a share. The offering includes 5 million shares, with an option for the underwriters to purchase an additional 750,000 shares.

Jianzhi Education is a digital education content company based in Beijing. Founded in 2011, it operates in China. Its services include the development of educational content and IT services for higher education institutions.

Why is JZ stock rising today?

It’s not uncommon for a company’s share price to rise during an IPO, but JZ’s stock growth has been phenomenal. The company’s stock is up 1,000% today and is currently up 456% as of Friday afternoon. The trading volume has also exceeded 600,000 shares.

What you are likely to see here is speculators pushing up stock prices. This is the latest trend in his IPOs these days, where speculative traders take shares in the company in hopes of selling it later for a profit.

This means that traders should be careful about investing in JZ stocks now. there is.

Investors looking for more recent stock market news will want to keep reading!

We’ve got all the latest stock news traders need to know on Friday! micro focus (New York Stock Exchange:MFGPMore) inventory growth, why shipping inventory is declining, and the story of the housing recession. You can read all about this news at the link below.

More Friday Stock Market News

On publication date, William White I did not have any positions (directly or indirectly) in any of the securities mentioned in this article. The opinions expressed in this article are those of the subject author of InvestorPlace.com. Publication guidelines.