It was another week…and another couple of record-setting IPO performances that continues to send the whole market abuzz.
CureVac B.V. (CVAC) priced a full-size deal, 13.33mm shares, at the high-end of the range, $16.00, and opened at $44.00 for a gain of 175.0% at first trade. This was the third highest opening print for an IPO all year behind NKarta Inc (NKTX) and BigCommerce Inc (BIGC). The stock closed its opening session at $55.90 for a gain of 249.4% (!).
KE Holdings Inc (BEKE) priced a full-size deal, 106.0mm ADSs, at $20.00 ($1.00 above the range) and opened at $35.06 for a gain of 75.3% at first trade. The stock closed its opening session at $37.44 ,or 87.2% above issue, which tallied it as the best first-day pop for a billion-dollar IPO since 2000.
The lone domestic software deal of the week, Duck Creek Technologies Inc (DCT) priced a full-size deal, 15.0mm shares, at $27.00 ($2.00 above the upwardly-revised range) and opened at $42.00 for a gain of 55.5% at first trade.
NETSTREIT Corp (NTST) priced 12.5mm shares at $18.00 ($1.00 below range) and opened flat at $18.00.
Looking ahead to this week, there are three IPOs currently on the calendar:
Debuting Wednesday (8/19)
Harmony Biosciences Holdings Inc (HRMY) — They are a commercial-stage pharmaceutical company focused on developing and commercializing innovative therapies for patients living with rare neurological disorders who have unmet medical needs.
Inhibrx, Inc. (INBX) — They are a clinical-stage biotechnology company with a pipeline of novel biologic therapeutic candidates, developed using our protein engineering expertise and proprietary single domain antibody, or sdAb, platform.
Debuting Friday (8/21)
Nano-X Imaging Ltd. (NNOX) — They are focused on applying their proprietary medical imaging technology to make diagnostic medicine more accessible and affordable across the globe.
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