US IPO Weekly Recap: Sacramento bank Five Star Bancorp finishes on top in an 8 IPO week

renaissancecap...2021-05-08

Eight IPOs and four SPACs went public this past week. One IPO postponed, UK-based biotechGyroscope Therapeutics(VISN), citing market conditions. Filing activity maintained a comfortable pace/remained ...

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sfleong1
2021-05-10
sfleong1
All morning
mitz
2021-05-10
mitz
Please comment for good luck
StarryEyes
2021-05-10
StarryEyes
Good morning
StarryEyes
2021-05-10
StarryEyes
Good morning
msmoo
2021-05-09
msmoo
Wow..
Wowow
2021-05-09
Wowow
[Miser]

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One IPO postponed, UK-based biotechGyroscope Therapeutics(VISN), citing market conditions. Filing activity maintained a comfortable pace/remained ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/81608/US-IPO-Weekly-Recap-Sacramento-bank-Five-Star-Bancorp-finishes-on-top-in-an\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.renaissancecapital.com/IPO-Center/News/81608/US-IPO-Weekly-Recap-Sacramento-bank-Five-Star-Bancorp-finishes-on-top-in-an","article_id":"1179368127","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179368127","pubTimestamp":1620451362,"sourceInfo":{"source_id":"lsy1619493174116","name":"renaissancecapital"},"weMediaInfo":null,"summary":"Eight IPOs and four SPACs went public this past week. 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Five Star finished up 25%.\nNon-toxic lifestyle brandThe Honest Company(HNST) priced slightly above the midpoint to raise $413 million at a $1.6 billion market cap. Co-founded by actress Jessica Alba, the company offers baby care, skin and personal care, and household and wellness products. The company saw solid growth in 2020, though it has a history of losses and negative free cash flow, and insiders sold a majority of the IPO. Honest finished up 19%.\nFrench-listed biotechValneva(VALN) priced within the range to raise $94 million at a $1.4 billion market cap. Valneva has successfully commercialized vaccines for Japanese Encephalitis and Cholera. Its clinical portfolio contains lead program VLA15, a vaccine targeting Borrelia (Lyme disease) under development in collaboration with Pfizer, which is currently in Phase 2 trials. Valneva finished up 12%.\nCannabinoid overdose biotechAnebulo Pharmaceuticals(ANEB) priced at the midpoint to raise $21 million at a $163 million market cap. 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The company is profitable with strong growth, though it faces significant competition from larger players. Onion Global finished down 3%.\nCell therapy biotechTalaris Therapeutics(TALS) priced at the midpoint to raise $150 million at a $736 million market cap. Its lead candidate is a novel allogeneic cell therapy comprised of stem and immune cells that are procured from a healthy donor. The company is currently enrolling patients for a Phase 3 registration trial in the US in adult living donor kidney transplant recipients. Talaris finished down 4%.\nChinese health insurance platformWaterdrop(WDH) priced at the high end to raise $360 million at a $5.1 billion market cap. Unprofitable with explosive growth, the company was China’s #2 third-party life and health insurance broker by first year premiums in 2020, and its #1 medical crowdfunding platform by funds raised. 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