Market Overview

Expand Your Biotech, Data Center, Oil Portfolios With This Week's IPOs

Expand Your Biotech, Data Center, Oil Portfolios With This Week's IPOs
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This week’s initial public offerings include just three firms, one of which adds to an already expansive class of traded biotechs and two of which lend diversity to the pharma-heavy field.

Here’s a look at the slim slate:

Black Ridge Acquisition Corp. (BRACU) will issue 10 million shares at $10 Thursday on the Nasdaq. The “blank check” company launched this year under the sponsorship of Black Ridge Oil & Gas Inc with the purpose of acquiring energy-related business.

Rhythm Pharmaceuticals, Inc. (RYTM) will issue nearly 6.67 million shares between $14 and $16 Thursday on the Nasdaq. Based in Boston, Rhythm develops and commercializes peptide therapeutics for genetic metabolic disorders, including obesity.

Switch, Inc. (SWCH) will issue 31.25 million shares between $14 and $16 Friday on the New York Stock Exchange. The technology-infrastructure firm designs devices for and operates three domestic and two international data centers.

Related Links:

The Basics Of IPOs: Some Things You Should Know

3 Important Dates For All IPOs, Explained

Posted-In: Black Ridge Acquisition Corp BRACU IPOs Rhythm Pharmaceuticals RYTMNews IPOs Trading Ideas Best of Benzinga


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