Who's The Biggest IPO Winner Of The Day?
Thursday's trading action saw the introduction of five new issues. By late morning, shares of all five were were trading higher with some of the names performing better than the others.
ProNai Therapeutics Inc (NASDAQ: DNAI) opened for trading just before 11:00 a.m. ET at $28.68 after pricing its IPO at $17 per share. After spiking to $33.75, shares of the clinical-stage oncology dipped to just above the $28.50 level before rising again. At last check, shares were trading at $30.10, up 77.06 percent.
Chiasma, Inc (NASDAQ: CHMA) opened for trading just after 10:30 a.m. at $20.50 after pricing its IPO at $16 per share. The biopharmaceutical company develops and commercializes oral forms of therapies for the treatment of orphan diseases saw its shares last trade at $21.74, up 35.88 percent.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) opened for trading just after 10:30 a.m. at $22.68 after pricing its IPO at just $16 per share. The retailer of closeouts, excess inventory and salvage merchandise saw its shares spike to $22.99 before selling off to $20.75. At last check, shares were trading at $21.06, up 31.56 percent.
Provident Bancorp Inc (NASDAQ: PVBC) opened for trading shortly after 11:00 a.m. at $12.25 after pricing its IPO at $10 per share. The new issue operates as the bank holding company for Provident Bank and at last check its shares were trading at $12.78, up 27.80 percent.
Junpai Holdings Ltd. (NYSE: JP) opened for trading shortly after the opening bell at $10.41 per ADS after pricing its IPO at $10 per ADS. The Chinese based third-party wealth management provider saw its shares at last check trading at $10.89, up 7.50 percent.
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