Following the recent trend, more pharmaceutical and medically-driven companies have entered the public trading market last week. Though results are mixed, most have begun trading positively in their first few days amid the formidable market.
Recently Priced:
BRP Group, Inc. (BRP ) priced at $14 with 16.4 million shares on October 24. The independent insurance distribution firm had a public trading offering amount of $229,600,000. In its first day of trading, the stock opened above closing price, and now currently trades in the high $15 range though it continues to drop.
Aesthetic Medical International Holdings Group LTD (AIH ) was priced at $11 with 2.5 million shares on October 25. The Chinese-based aesthetic service company raised an offer amount of $37,375,000 to trade on the NASDAQ global markets. The IPO slumped in its debut trading, and continues to plummet into its first week.
Cabaletta Bio, Inc. (CABA ) was priced at $11 which was below its $14-$16 range. The clinical-stage biotechnology company had raised 6.8 million shares and had an offering amount of $95.2 million. Launching on October 25, the stock slid 18% in its first day, but has been climbing back towards its initial stock price in its first week.
Happiness Biotech Group LTD (HAPP ) was priced at $5.50 with 2 million shares on October 25 with $11 million offering amount.
Phathom Pharmaceuticals, Inc. (PHAT ) $19 with 9,563,157 shares and an offering amount of $181,699,983 on October 25. In its first day of trading, the pharmaceutical stock rose 29.5%, which brought the company to a market value of $678 million.
Progyny, Inc. (PGNY ) was priced at $13 with 10 million shares also on October 25. Offering an amount of $130 million, the fertility benefits company traded strongly in its debut, increasing as much as 23% from its set price.
TFF Pharmaceuticals, Inc. (TFFP ) priced at $5 per share with 4.4 million shares on October 25. With an offering amount of $22 million, the early-stage developer of dry-powder therapies for lung diseases has remained around its initial pricing.
Youdao, Inc. (DAO ) was priced at $17 per share with 5.6 million shares on October 25. Offering an amount of $130 million, the China-based education technologies company traded lower after its first day of trading.
Upcoming:
Leaping Group Co., LTD. trade on NASDAQ Capital with a tentative share price of $5. With 4 million shares raised, the company has an offering amount of $20 million and is expected to debut on October 31.
Oyster Point Pharma, INC. is also set to open on October 31 on the NASDAQ Global. With 5 million shares raised, this company is set to price in a range between $16-$18 and has raised an offering amount of $103,500,000.
FangDD Network Group LTD. is lastly filing to trade on the NASDAQ global this week with an offering amount of $120,750,000. Set to price on November 1, the stock is projected to price between $13-$15 and has raised 7 million shares.
Recently Filed:
GreenVision Acquisition Corp. filed on October 21 with an offering amount of $57.5 million.
Alpine Income Property Trust, Inc. filed on October 23 with and offering amount of $100 million.
SiTime Corp. filed paperwork on October 23 with a trading offering amount $100 million.
YX Asset Recovery LTD. offered an amount of $200 million on October 23 to join public trading.
Sprout Social, Inc. offering amount of $100 million filed to publicly trade on October 25.
