Opening Day: Vizio Slides In NYSE Debut After Downsized IPO

black android smartphone turned on screen

Shares of Vizio, one of the top sellers of high-definition TVs in the U.S., slipped as much as 17% in the company's NYSE debut on Thursday. Vizio had previously filed to go public in 2015.

LATEST IPOS:

ThredUp (TDUP) opened on March 26 at $18.25 after having priced 12M shares at $14.00. The deal priced at the high end of the $12.00-$14.00 range. Goldman Sachs, Morgan Stanley, Barclays and William Blair acted as joint book running managers for the offering. ThredUp is an online clothing resale company.

Ikena Oncology (IKNA) opened on March 26 at $22.40 after its 7.813M share IPO priced at $16. The deal priced at the midpoint of the $15.00-$17.00 target range. Jefferies, Cowen, Credit Suisse and William Blair acted as joint book running managers for the offering. Ikena Oncology is developing treatment candidates for various cancers.

Zhihu (ZH) opened on March 26 at $8.05 after having priced 55M shares at $9.50, at the low end of the deal range of $9.50-$11.50. Credit Suisse, Goldman Sachs and JPMorgan acted as joint book running managers for the offering. Zhihu is a Chinese online content community.

Alignment Healthcare (ALHC) opened on March 26 at $19.05. Alignment priced 27.2M shares at $18.00, the midpoint of the $17.00-$19.00 target range. Goldman Sachs, Morgan Stanley, JPMorgan, BofA and William Blair acted as joint book running managers for the offering. Alignment offers a proprietary alignment virtual application for senior care.

Design Therapeutics (DSGN) opened on March 26 at $28 after having priced 12M shares at $20. The deal range was $18.00-$20.00. Goldman Sachs, SVB Leerink and Piper Sandler acted as joint book running managers for the offering. Design Therapeutics is developing treatments for Friedreich ataxia and myotonic dystrophy.

Edgewise Therapeutics (EWTX) opened on March 26 at $27 after the company priced 11M shares at $16.00. The deal size was increased to 11M shares from 10M and priced at the high end of the $14.00-$16.00 range. JPMorgan, Goldman Sachs and SVB Leerink acted as joint book running managers for the offering. Edgewise Therapeutics is a Phase 1 biotech developing small molecule therapies for rare muscle disorders.

Hywin Holdings (HYW) opened on March 26 at $11.25 after pricing 3M shares at $10. Network 1 Financial, Alexander Capital and Valuable Capital acted as joint book running managers for the offering. Hywin says it is "the third largest third-party wealth management service provider in China," with primary services that include wealth management, insurance brokerage, and asset management.

Olink (OLK) opened on March 25 at $30.10. The company had priced 17.657M shares at $20.00. The deal priced above the $16.00-$18.00 range. Goldman Sachs, Morgan Stanley, SVB Leerink and BTIG acted as joint book running managers for the offering. Olink provides proteomics equipment and technologies to academic and biopharmaceutical research organizations worldwide.

Vizio (VZIO) opened on March 25 at $17.50. The company had priced 15.12M shares at $21.00. The deal size was reduced to 12.25M shares from 15.12M and priced at the low end of a $21.00-$23.00 range. JPMorgan and BofA acted as joint book running managers for the offering. Vizio is a SmartTV and SmartCast operating system operator.

Lava Therapeutics (LVTX) opened on March 25 at $12. The company had priced 6.7M shares at $15.00. The deal priced at the midpoint of a $14.00-$16.00 range. JPMorgan, Jefferies and SVB Leerink acted as joint book running managers for the offering. Lava Therapeutics is a biotechnology company focused on applying its expertise in bispecific gamma-delta T cell engagers to transform cancer therapy.

Semrush (SEMR) opened on March 25 at $11.50. The company had priced 10M shares at $14.00. The deal priced at the low end of a $14.00-$16.00 range. Goldman Sachs, JPMorgan and Jefferies acted as joint book running managers for the offering. Semrush is an online visibility management SaaS company.

Diversey (DSEY) opened on March 25 at $13.50. The company had priced 46.2M shares at $15.00, below the $18.00-$21.00 range. Citi, Morgan Stanley, Barclays and JPMorgan acted as joint book running managers for the offering. Diversey is a hygiene and infection prevention products company.

Cricut (CRCT) opened on March 25 at $15.80. The company had priced 15.315M shares at $20.00. The deal priced at low end of $20.00-$22.00 range. Goldman Sachs and Morgan Stanley acted as joint book running managers for the offering. Cricut is a arts-and-crafts equipment maker.

DigitalOcean (DOCN) opened on March 24 at $41.50. The company had priced 16.5M shares at $47.00, at the high end of a $44.00-$47.00 target range. Morgan Stanley, Goldman Sachs and JPMorgan acted as joint book running managers for the offering. DigitalOcean is a cloud computing platform-on-demand company.

ACV Auctions (ACVA) opened on March 24 at $31. The company had priced 16.55M shares at $25.00. The deal priced above the $20.00-$22.00 range. Goldman Sachs, JPMorgan, Citi, BofA and Jefferies acted as joint book running managers for the offering. ACV Auctions is a wholesale vehicle company.

Movano (MOVE) opened on March 23 at $6. The company had priced 8.5M shares at $5.00. National Securities acted as sole book running manager for the offering. Movano is developing wearable health monitoring technologies for consumer use.

PERFORMANCE:

1 2
View single page >> |

Disclaimer: TheFly's news is intended for informational purposes only and does not claim to be actionable for investment decisions. Read more at  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.