Initial Public Offerings (IPO) this week maintain the trend of slumping in debut in the current market. Many companies has been experiencing investor fears towards newly pubic companies that began to stir after the grandiose fall of the WeCompany, or WeWork. Though some have traded well in their initial week, many are suffering in current markets.
Recently Priced:
Merida Merger Corp. I (NASDAQ:MCMJU) priced on November 5 at $10 per share. The blank check company had an offering amount of $120 million and 12 million shares in its initial trading day. The stock closed on November 7.
Q&K International Group LTD (NASDAQ: QK) also debuted on November 5, pricing at $17 per share with 2.7 initial shares. The Chinese based company had an offering amount of 45.9 million to trade globally on the Nasdaq. The stock began trading above its IPO in its first week of trading and current prices above $18.
Centogene B.V. (NASDAQ: CNTG) priced on November 7 at $14 per share on the global Nasdaq. The German provider of genetics tests for rare diseases company had an offering of $56 million and 4 million shares. The stock debuted slightly above its initial pricing before slipping below $14 currently.
Galera Therapeutics, Inc. (NASDAQ: GRTX) debuted on the global Nasdaq on November 7 with share prices set at $12. The clinical-stage biopharmaceutical company had an offering amount of $60 million with 5 million shares. The stock traded below its IPO in its first day of trading and continues to slip in its first public week.
LGL Systems Acquisition Corp. (NASDAQ: DFNSU) also priced on November 7 at $10 per share with 15 million shares raised. The blank check company had an offering amount of $150 million. The stock traded slightly below its IPO in its first day and continues to decline into its first week.
Silvergate Capital Corp. (NYSE: SI) priced on November 7 with 3,333,333 shares pricing at $12 per share. The bank holding company had an offering amount of $39,999,996. The stock debuted above its IPO in its first and continues to climb above $13 into its first week.
36Kr Holdings Inc. (NASDAQ: KRKR) started publicly trading on November 8 with share prices set at $14.50. The Chinese technology media site had an offering amount of $20,010,000 and 1.38 million shares. The stock plummeted in its debut and continues to drop in its first week of global trading.
CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) also priced on November 8 with a set price of $4 per share. The pharmaceutical company had an offering amount of $8.5 million and 2,125,000 shares. The started trading above its IPO in its first day and, though the stock is on the decline currently, it has maintained gains in its first week.
Ecmoho Ltd (NASDAQ: MOHO) priced on November 8 with an offering amount of $43,750,000. The stock was prices at $10 per share with 4,375,000 shares. The Chinese personal care and household goods market's stock slumped in its first day of trading and continues to trade below its IPO.
Juniper Industrial Holdings, Inc. (NYSE: JIH'U) was priced on November 8 at $10 per share with 30 million shares. The blank check company had an offering amount of $300 million. The stock continues to trade around its initial pricing into its first week.
Stable Road Acquisition Corp. (NASDAQ: SRACU) debuted on November 8 with share prices set at $10. The cannabis-focused SPAC had an offering amount of $150 million and 15 million shares.
Tela Bio, Inc. (NASDAQ: TELA) entered the market on November 8 with share prices set at $13 with 4 million shares. The biotechnological company had an offering amount of $52 million. The IPO entered the market above its set price, but continues to lose gains in its first week.
Upcoming:
Leaping Group Co., LD. is hoping to be prices on November 15 on the Nasdaq. The company currently has an offering amount of $20 million, with 4 million shares. The stock is estimated to price at $5 per share.
Recent Filings:
NowTransit Inc filed on November 4 with $100,000 in public offering.
Qilian International Holding Group LTD also announced its filing on November 4 with an offering amount of $32.2 million.
PropTech Acquisition Corp. filed on November 5 with an offering amount of $172.5 million.
F5 Finishes, Inc. announced its IPO on November 7 with an offering amount of $46 million.
NorthRidge Corp. filed on November 8 with an offering amount of $10 million.
Withdrawn
Hylete, Inc., who filed in August, has withdrawn its public offering on November 7. The company had an offering amount of $19,166,670 and 1,666,667 shares.