It appears that a pair of company’s who are IPO’ing this week are looking to take advantage of demand. Shake Shack (NYSE: SHAK) has increased the range from $14-$16 to $17-$19–representing a 20% increase if priced at the mid-point. Additionally, one of nine healthcare sector deals has not only increased its range, but its size as well. Spark Therapeutics (Nasdaq: ONCE) increased the size from 5.5 million shares to 6.5 million shares and boosted the range from $17-$19 to $19-to-$21. The increases, as marked by the new filing, would increase the cash raise by 47.7% for Spark Therapeutics.
Ascendis Accelerated
An IPO previously scheduled for a Thursday debut, Ascendis Pharma A/S (Nasdaq: ASND), accelerated to a Wednesday debut. The deal priced at the top end of the range ($18.00) and increased the amount of shares from 5.0 million to 6.0 million.
Weather pushes back Deal
According to the underwriter, the scheduled date of the Infraredx (Nasdaq: REDX) IPO has been pushed back from a Friday (1/30) debut to a Wednesday (2/4) debut.
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