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.
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.
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.
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.