{"id":15602,"date":"2020-10-16T13:59:37","date_gmt":"2020-10-16T17:59:37","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=15602"},"modified":"2020-10-16T13:59:37","modified_gmt":"2020-10-16T17:59:37","slug":"ipo-recap-solar-healthcare-shine-in-another-strong-ipo-week","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/ipo-recap-solar-healthcare-shine-in-another-strong-ipo-week\/","title":{"rendered":"IPO Recap: Solar, Healthcare shine in another strong IPO week"},"content":{"rendered":"

It was another busy week of IPO activity with strong outcomes. Healthcare continued to produce great results and a company in the solar energy field traded extremely well.<\/span><\/p>\n

<\/p>\n

\"\"<\/a><\/span><\/p>\n

Solar stock<\/span>, Array Technologies, Inc. (ARRY), <\/b>priced <\/span>47.5mm shares<\/b> (upsized again) <\/span>at $22.00<\/b> ($1.00 above the range) and <\/span>opened at $29.50 for a gain of 34.1%<\/b> at first trade. ARRY closed its first session at $36.45 and traded as high as $41.94 during Friday\u2019s session for a top-tick of 90.6% above the IPO price.<\/span><\/p>\n

\"\"<\/a><\/p>\n

The lone China-based company to go public this week opened strong but sold off at the end of its first session. <\/span>MINISO Group Holding Limited (MNSO) <\/b>priced a full-size deal, 30.4mm ADSs, at $20.00 ($1.50 above range) and<\/span> opened at $24.40 for a gain of 20% at first trade. MNSO<\/b> closed its first day of trading at $20.88.\u00a0<\/span><\/p>\n

\"\"<\/a><\/span><\/p>\n

Medical technology continued to shine with <\/span>Eargo, Inc. (EAR) pricing 7.8mm shares (upsized from 6.67mm shares) at $18.00 ($2.00 above range). EAR opened at $36.00 for a gain of 100% at first trade <\/b>and moved as high as $43.80 in its first hour as a publicly traded company.\u00a0<\/span><\/p>\n

\"\"<\/a><\/p>\n

Praxis Precision Medicines, Inc. (PRAX) <\/b>priced<\/span> 10.0mm shares at $19.00<\/b> ($1.00 above the $17-$18 range) and <\/span>opened at $25.94 for a gain of 36.5% at first trade.<\/b><\/p>\n

\"\"<\/a><\/p>\n

Tarsus Pharmaceuticals, Inc. (TARS) <\/b>priced<\/span> 5.5mm shares<\/b> (upsized from 5.0mm shares) at the midpoint of the range, <\/span>$16.00<\/b>, and <\/span>opened at $16.20 for a gain of 1.25% at first trade. TARS <\/b>did break issue in its first 15 minutes after opening but rallied back to the issue price.<\/span><\/p>\n

\"\"<\/a><\/p>\n

Aligos Therapeutics, Inc (ALGS) <\/b>priced a full-size deal, 10.0mm shares, at the midpoint of the range, $15.00, and <\/span>opened at $17.40 for a gain of 16.0% at first trade. ALGS<\/b>, which needed a lengthy period to match buyers with sellers, broke issue price within 20 minutes.\u00a0\"\"<\/a><\/span><\/p>\n

Codiak BioSciences, Inc. (CDAK) <\/b>priced a full-size deal, 5.5mm shares, at the midpoint of the range, $15.00, and opened at $14.10 for a loss of 6.0%<\/strong> at first trade. CDAK traded as low as $11.50<\/b> in its opening week before leveling off at the $12 level.<\/p>\n

\"\"<\/a><\/p>\n

Opthea Limited (OPT) <\/b>priced 9.5mm shares (slightly upsized) at $13.50 and opened at $11.05 for a loss of 18.1% at first trade.<\/b><\/p>\n

\"\"<\/a><\/p>\n

Spinal Elements Holdings, Inc.(SPEL) —\u00a0 <\/b>\u00a0This offering was <\/span>postponed<\/b> due to market conditions. There is no further information available at this time.<\/span><\/p>\n

Looking ahead to this week, there are currently three IPOs on the schedule\u00a0<\/span><\/p>\n

Debuting Wednesday (10\/21)<\/span><\/strong><\/p>\n

Datto Holding Corp. (MSP) — <\/b>Datto is the leading provider of cloud-based software and technology solutions purpose-built for delivery through the managed service provider, or MSP, channel to small and medium businesses, or SMBs.\u00a0<\/span><\/p>\n

Debuting Thursday (10\/22)<\/strong><\/span><\/p>\n

Guild Holdings Company (GHLD) — \u00a0 <\/b>They are a growth-oriented mortgage company that employs a relationship-based loan sourcing strategy to execute on their mission of delivering the promise of home ownership in neighborhoods and communities across the United States.\u00a0<\/span><\/p>\n

McAfee Corp. (MCFE) —\u00a0 <\/b>\u00a0McAfee has been a pioneer and leader in protecting consumers, enterprises, and governments from cyberattacks for more than 30 years with integrated security, privacy, and trust solutions<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

It was another busy week of IPO activity with strong outcomes. Healthcare continued to produce great results and a company in the solar energy field traded extremely well.<\/p>\n","protected":false},"author":4,"featured_media":15454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[2058,1536],"tags":[],"class_list":["post-15602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spotlight","category-subscriber-content"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/15602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=15602"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/15602\/revisions"}],"predecessor-version":[{"id":15603,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/15602\/revisions\/15603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media\/15454"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=15602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=15602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=15602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}