Head Topics

Inari Medical increases shares it sold in IPO, which priced above the expected range

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Inari Medical Inc. increased that number of shares it was selling in its initial public offering, which priced late Thursday above the expected range. The Irvine, Calif.-based company, which develops medical devices for patients suffering from venous diseases, offered 8.2 million shares in the IPO, up from 7.33 million. The IPO priced at $19 a share, above the expected range of $17 to $18 a share, which was raised early Thursday from a previous expected range of $14 to $16. The company raised $155.85 million in the IPO. The stock is expected to begin trading on the Nasdaq exchange Friday. BofA Securities and Morgan Stanley are the joint lead bookrunning managers for the offering. The company is going public at a time that the Renaissance IPO ETF has gained 2.2% over the past three months while the S&P 500 has lost 11.7%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cocktails To Go Are Now Legal in PennsylvaniaThis is a major change for a state that only starting allowing grocery stores to sell beer a few years ago
Source: Eater - 🏆 368. / 59 Read more »

Marshmello Uses Ableton to Make Music, You Can Learn It Too for CheapBecoming a DJ isn't hard -- and now, it's doable for a more than decent price too. If you dont know about ableton by now, just hang it up. Ok?
Source: TMZ - 🏆 379. / 59 Read more »

Hurricane Season Will Be Above Average, NOAA WarnsFederal forecasters expect 3 to 6 major hurricanes during the 2020 hurricane season, which runs from June 1 to November 1. Rising seas and a warmer climate make storms of all sizes more damaging. Peachy! because of course 2020 Why Not..
Source: NPR - 🏆 96. / 63 Read more »

‘Mad Men’ Nears Global License Deal; Lionsgate Cites Production Freeze, Streaming Boom As Demand DriversMadMen, a cornerstone of Lionsgate’s TV library, is seeing above-expected demand due to the COVID-19 production shutdown and surging investment in streaming, television chairman Kevin Beggs said Thursday
Source: DEADLINE - 🏆 109. / 63 Read more »

Herbalife sells $600 million of junk bonds so it can buy back sharesHerbalife managed to persuade investors to lend it $600 million so it could buy back shares, unusual at a time when companies are borrowing big to shore up liquidity during the coronavirus pandemic. DOJPH A good thing to do in this climate John_Hempton They’re still around?
Source: latimes - 🏆 11. / 82 Read more »

When Will Big Concerts Finally Return After Covid? (Think 2021)In the meantime, here is what to expect in the post-Covid era, from small shows and drive-ins to an arena tour filled with hand sanitizer. 2021 RemarkHoldings Never This is the new norm Forever!
Source: WSJ - 🏆 98. / 63 Read more »