Insurance comparison company SelectQuote raised $360 million after opening on Thursday, May 21, above its target range. SelectQuote is one of the few companies that has gone ahead with an initial public offering during the COVID-19 pandemic.

LATEST IPOS:

SelectQuote opened on May 21 at $26.20. The company had priced 28.5 million shares at $20.00. The deal size was increased to 28.5 million shares from 25 million shares, and priced above the $17.00-$19.00 range.

Credit Suisse (CS), Evercore ISI (EVR), Morgan Stanley (MS), RBC Capital (RY), Barclays (BCS), Citi (C), and Jefferies (JEF) acted as joint book running managers for the offering. SelectQuote is an insurance comparison company that allows consumers to compare policies for life, auto, and home insurance from providers, such as AIG (AIG) or Prudential Financial (PRU).

Inari Medical opened on May 22 at $41.30, after the company priced 8.203 million shares at $19.00. The deal priced above then revised to the $17.00-$18.00 range, which had been bumped up from $14.00-$16.00. BofA (BAC), Morgan Stanley, Canaccord (CCORF), and Wells Fargo (WFC) acted as joint book running managers for the offering. Inari develops medical devices for patients suffering from venous diseases.

PERFORMANCE

• After opening at $26.20 on Thursday, SelectQuote finished Friday at $26.50.
• Inari Medical finished its first trading day at 42.51 after opening at $41.30, well above the priced $19.

UPCOMING IPOS 

Among the upcoming IPOs are ADC Therapeutics, Ayala Pharmaceuticals, Lyra Therapeutics, Vroom, and Shift4 Payments (FOUR).

ADC Therapeutics is a biotechnology company focused on cancer treatments, looking to raise up to $185.3 million in its IPO.

Ayala Pharmaceuticals is a clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare and aggressive cancers, primarily in genetically defined patient populations.

Lyra Therapeutics is a biotech specializing in treatments for ear, nose, and throat diseases.

Vroom is an e-commerce company that allows people to buy and sell used vehicles.

Shift4 Payments provides secure payment processing solutions. The company serves merchants ranging from SMBs to large enterprises.