Veradermics Shares More Than Double in NYSE Debut

MT Newswires Live02:51

Veradermics (MANE) shares more than doubled in their debut Wednesday on the New York Stock Exchange.

The stock surged to $38.99 in afternoon trading after the company priced an upsized initial public offering of 15.1 million shares at $17 each.

The stock opened at $34 and rose as high as $39.94.

Underwriters have a 30-day option to purchase up to 2.26 million additional shares. The IPO is expected to close Thursday.

Price: 38.99, Change: +21.99, Percent Change: +129.32

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