Opening Day: Another trio of biotech IPOs make Friday debut

TipRanks10-14

The Partners Group-backed KinderCare sold 24 million shares for $24 each this Tuesday. At the IPO price, the childhood education company had a market value of $2.74B, based on the outstanding shares. ...

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At the IPO price, the childhood education company had a market value of $2.74B, based on the outstanding shares. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/opening-day-another-trio-biotech-104515199.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening Day: Another trio of biotech IPOs make Friday debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening Day: Another trio of biotech IPOs make Friday debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-14 18:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/opening-day-another-trio-biotech-104515199.html><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Partners Group-backed KinderCare sold 24 million shares for $24 each this Tuesday. At the IPO price, the childhood education company had a market value of $2.74B, based on the outstanding shares. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/opening-day-another-trio-biotech-104515199.html\">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":"LU0208291251.USD","symbol_name":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/opening-day-another-trio-biotech-104515199.html","article_id":"2475354910","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/lBatGXdmW601L3jZUeEVwQ--~B/aD0xOTI7dz0xOTI7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/tipranks_452/e1839507ce9d5542b9a5313ac8d70b9e"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/opening-day-another-trio-biotech-104515199.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2475354910","pubTimestamp":1728902715,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Partners Group-backed KinderCare sold 24 million shares for $24 each this Tuesday. 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The deal priced inside the $23.00-$27.00 range.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4207":"综合性银行","KLC":"KinderCare Learning Companies, Inc. 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At the IPO price, the childhood education company had a market value of $2.74B, based on the outstanding shares. Sky Quarry, Click Holdings, and SKK Holdings also opened for trading this week.\nMeanwhile, a new trio of biotech companies’ shares came to market on Friday as Upstream Bio, Ceribell and Camp4 Therapeutics each made their public debut. In mid-September, Bicara Therapeutics (BCAX), MBX Biosciences (MBX) and Zenas BioPharma (ZBIO) similarly came public on a Friday in their respective initial public offerings.\nLATEST IPOS AND DIRECT LISTINGS:\nCamp4 Therapeutics (CAMP) opened on October 11 at $11.16. The company had priced 6.82M shares at $11.00. The deal size was increased to 6.82M shares from 5.0M and priced below the target range of $14.00-$16.00. Camp4 is a clinical-stage biotechnology company developing a pipeline of regulatory RNA-targeting therapeutics designed to upregulate gene expression with the goal of restoring healthy protein levels across a range of genetic diseases.\nCeribell (CBLL) opened on October 11 at $23.26. The company had priced 10.6M shares at $17.00, at the high-end of the revised $16.00-$17.00 range. Ceribell is a commercial-stage medical technology company focused on transforming the diagnosis and management of patients with serious neurological conditions.\nUpstream Bio (UPB) opened on October 11 at $21.50. The company had priced 15M shares at $17.00. The deal size was increased to 15M shares from 12.5M and priced at the high end of the $15.00-$17.00 range. Upstream Bio is a clinical-stage biotechnology company developing treatments for inflammatory diseases, with an initial focus on severe respiratory disorders.\nStar Fashion Culture Holdings (STFS) opened on October 11 at $3.75. The company priced its initial public offering of an aggregate of 2.15M shares of its Class A ordinary shares at $4.00 per share. Star Fashion is a content marketing solutions services provider that says it “assists customers in enhancing the effectiveness of their marketing activities and the value of their brand and products through our variety of services offered.”\nSky Quarry (SKYQ) opened on October 10 at $5.49. The company had priced 1,118,005 shares of its Common Stock priced at $6.00 per share. Sky Quarry and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils.\nKinderCare Learning (KLC) opened on October 9 at $27. The company, which identifies itself as “the nation’s largest private provider of high-quality early childhood education by center capacity,” had priced its initial public offering of 24M shares of its common stock at a public offering price of $24.00 per share. The deal priced inside the $23.00-$27.00 range.\nClick Holdings (CLIK) opened on October 9 at $4. The company had priced 1.4M shares at $4.00. The deal size was reduced to 1.4M shares from 1.5M. Click Holdings is a Hong Kong-based human resources solutions provider primarily focusing on talent sourcing and the provision of temporary and permanent personnel to customers including accounting and professional firms, Hong Kong-listed companies, nursing homes, individual patients, logistics companies and warehouses.\nSKK Holdings (SKK) opened on October 8 at $4.50. The company had priced 2.5M shares at $4.00, the low end of the $4.00-$5.00 range. SKK Holdings is a civil engineering service provider that specializes in subsurface utility works in Singapore.\nRECENT SPAC IPOS:\nRising Dragon Acquisition (RDAC) opened on October 11 at $10.01. The blank check company incorporated as a Cayman Islands exempted company with limited liability for the purpose of entering into a merger says its efforts to identify a prospective target business will not be limited to a particular industry or geographic region.\nCohen Circle Acquisition I (CCIR) opened on October 11 at $9.99. The blank check company says it may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The company’s primary focus, however, will be to identify companies in the financial services technology, or fintech, sector and fintech adjacent sectors that “power transformation and innovation.”\nLaunch Two Acquisition (LPBB) opened on October 8 at $9.98. The blank check company’s primary focus will be on technology and software infrastructure companies “whose products and services target financial services, real estate and asset management companies.”\nEND OF THE WEEK PERFORMANCE:\n\nCeribell – $25;\nUpstream Bio – $22;\nCamp4 Therapeutics – $10.72;\nStar Fashion Culture – $3.26;\nSky Quarry – $3.58;\nKinderCare Learning – $28.42;\nClick Holdings – $1.60;\nSKK Holdings – $2.80.\n\nUPCOMING IPOS: Upcoming IPO and direct listings expected include Infinity Natural Resources (INR), Upstream Bio (UPB), Basel Medical Group (BMGL), Megan Holdings (MGN), Rivus, ShipBob and Trustly.\nClick here to see upcoming IPO calendar on TipRanks.\nInfinity Natural Resources filed for an initial public offering of its Class A common stock. The company intends to list its Class A common stock on the NYSE under the symbol “INR.” Infinity Natural Resources is an independent exploration & production company “dedicated to the Appalachian region.”\nBasel Medical Group filed for an initial public offering on the Nasdaq under the symbol “BMGL.” Cathay Securities is serving as the underwriter on the deal. Basel is a healthcare provider across Singapore and Southeast Asia.\nMegan Holdings filed with the SEC for an initial public offering of 1.25M ordinary shares of Megan Holdings Limited, a Cayman Islands exempted company, which is being conducted on a firm commitment basis. “We expect that the offering price of our Ordinary Shares in this offering will be between US$4.00 and US$6.00 per share. Prior to this offering, there has been no public market for our Ordinary Shares. We have applied to list our Ordinary Shares on the Nasdaq Capital Market under the symbol ‘MGN’,” the filing stated.\nShipBob has selected JPMorgan (JPM) to lead its planned listing, Bloomberg’s Amy Or, Gillian Tan, and Ryan Gould report, citing people familiar with the situation. The Chicago-based ecommerce fulfillment service provider has also chosen Citigorup (C) as part of the syndicate, the authors say. An initial public offering could occur as soon as later this year and could value the company at $4B, the authors note.\nRivus Pharmaceuticals, a drug developer focused on obesity treatments, is considering a US initial public offering as soon as 2024, Bloomberg’s Bailey Lipschultz reports, citing people familiar with the matter. The company is working with banks on a listing, said the people. Rivus, which counts RA Capital Management among its investors, may target raising more than $25M, one of the people said. \nPrivate equity firm Nordic Capital is exploring options for Swedish digital payments company Trustly Group AB, including a potential sale or initial public offering, people familiar with the matter told Bloomberg‘s Vinicy Chan, Jan-Henrik Foerster and Swetha Gopinath. The firm has held initial talks about the divestment strategy for Trustly, which could be worth about $10B in any deal, according to the report. Nordic Capital would likely seek to list the company in the U.S. if it decides to pursue an IPO, but considerations are preliminary and a transaction is unlikely to take place before next year, the report said.\nOpening Day” is The Fly’s recurring series of stories on the latest initial public offerings, their performance, and upcoming IPOs.\n\nPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>\n\n\nSee Insiders’ Hot Stocks on TipRanks >> \n\n\nRead More on BCAX:\n\nBicara Therapeutics initiated with an Overweight at Cantor Fitzgerald\nBicara Therapeutics initiated with an Overweight at Morgan Stanley\nBicara Therapeutics initiated with a Buy at Stifel\nBicara Therapeutics initiated with a Buy at TD Cowen\nBicara Therapeutics initiated with an Overweight at Morgan StanleyMerus","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2475354910"}