IPO Summary: Week of 10/21/24-10/25/24

This week saw the successful initial public offerings (IPOs) of Ingram Micro Holding Group (INGM), Septerna, Inc. (SEPN), and WeRide Inc. (WRD). Each company showcased varying performances in the market, with IPO Boutique’s pre-debut ratings accurately reflecting the outcomes.

Septerna, Inc. (SEPN) led the pack, delivering the strongest performance among the three. Priced at $18.00, Septerna opened at $23.50, a 30.6% increase from its final price. By the end of the first day, Septerna closed at $21.40, still holding an 18.9% gain. By the end of the week, SEPN maintained a closing price of $21.40, reaching a high of $25.56 during the week. This resulted in a 42.0% increase from the final price to the weekly high, showcasing robust investor interest. IPO Boutique had assigned a rating of 2 for Septerna, which aligned well with its exceptional market reception. IPO Boutique rated this deal as a ‘4’ and it performed the best at first trade.

Ingram Micro Holding Group (INGM) also performed solidly, with a final price set at $24.00. It opened at $25.28, representing a modest 5.3% increase, and closed the first day slightly lower at $24.60, translating to a 2.5% gain. Over the week, INGM reached a high of $25.69, ending at $24.25. This weekly high represented a 7.0% increase from the final price, in line with IPO Boutique’s rating of 3.

WeRide Inc. (WRD) was rated 2 by IPO Boutique and exhibited a more modest performance compared to its peers. Priced at $15.50, it opened at the same price and closed at $16.55 on the first day, yielding a 6.8% gain. Throughout the week, WRD reached a high of $19.14, which marked a 23.5% increase from its final price.

In summary, IPO Boutique accurately assessed the IPOs, with Septerna taking the lead in terms of investor enthusiasm and performance.