Six IPOs Hit Wall Street on Friday: CARA, TRVN, RARE, NWHM, SNOW, MBUU

With the Dow Jones Industrial Average down more than 300 points over the last two trading sessions, investors and traders are hoping to find profitability in the ever-expanding IPO market. On Friday alone, six new issues began trading on Wall Street.

• Cara Therapeutics CARA a clinical-stage biopharmaceutical company focused on developing and commercializing new chemical entities designed to alleviate pain. Cara Therapeutics was priced between $11.00-13.00 per share at five million shares for an offer amount of $75.75 million. Cara shares officially went public and opened at $10.00, luckily for investors it continued upward and closed at $12.91 per share. The stock closed down about 2 percent to $12.63 on Monday.
• Trevena TRVN again a clinical stage biopharmaceutical company that discovers, develops and intends to commercialize therapeutics that use a novel approach to target G protein coupled receptors. Trevena was priced at $7.00 per share at eight and a half million shares for an offer amount of $68.425 million. Trevena shares opened at $7.11 on Friday, unfortunately for investors it picked up a downward trend and closed at $6.50 per share. Shares bounced on Monday, closing up 1.4 percent to $6.59.
• Ultragenyx Pharmaceutical RARE a development-stage biopharmaceutical company focused on the identification, acquisition, development, and commercialization of novel products for the treatment of rare diseases. Ultragenyx was priced between $19.00-20.00 per share at about five million shares for an offer amount of $111.3 million. Ultragenyx shares opened at $45.81, offering a hefty premium for investors and closed at $42.25 per share up a little over 100 percent. The stock was down nearly 8 percent and closed at $39 even on Monday.
• New Home Co LLC. NWHM a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in major metropolitan. New Home was priced between $15.00-17.00 per share at about eight million shares for an offer amount of $153 million. New Home shares opened at $11.50, luckily for investors it continued upward and closed at $12.91 per share. Shares of NWHM closed down 0.6 percent at $12.12 on Monday.
• Intrawest Resorts Holdings, Inc. SNOW a North American mountain resort and adventure company, delivering distinctive vacation and travel experiences to its customers. Intrawest was priced between $15.00-17.00 per share at five million shares for an offer amount of $305 million. Intrawest opened at $11.11, luckily for investors it climbed upward and closed at $11.90 per share. Shares continued lower on Monday to close at $11.60.
• Malibu Boats, Inc. MBUU a leading designer, manufacturer and marketer of performance sport boats, having the #1 market share position in the United States since 2010. Malibu Boats was priced between $13.00-15.00 per share at seven million shares for an offer amount of $123 million. Malibu Boats shares opened at $17.75, luckily for investors and closed at 17.75 which offered a 26.79 percent premium.