89bio (ETNB) finished its first week as publicly-traded company higher, while YayYo (YAYO) finished lower.
After being delayed the previous week, 89bio priced its IPO before the open on Monday, November 11, at $16, the midpoint of its $15.00-$17.00 range. The deal size was increased to 5.3M shares of common stock from 4.375M shares of common stock. Later that morning, 89bio opened at $20.00.
After the market close on Tuesday, November 12, YayYo's 2.65M IPO priced at $4.00 per share. On Wednesday, November 13, YayYo opened at $4.05.
- 89bio finished the week higher, closing at $27.00 per share, after opening on Monday at $20.00.
- YayYo finished the week lower, closing at $3.60 per share, after opening on Wednesday at $4.00.
Among the upcoming IPOs scheduled for this coming week are Canaan (CAN), SiTime (SITM), and YX Asset Recovery (YXR).
OTHER IPO NEWS:
Alibaba Group Holding Limited (BABA) announced the launch of its Hong Kong public offering, which forms part of the global offering of 500M new ordinary shares and listing of its ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code 9988. The company's American depositary shares, or ADSs, each representing eight ordinary shares of the company, will continue to be listed and traded on the New York Stock Exchange. Upon listing in Hong Kong, the Hong Kong-listed shares will be fully fungible with the ADSs listed on the NYSE.