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 story : Janux Therapeutics stock opens at double the upsized IPO's pricing #FinanceUSA #StockMarketNEWS Janux Therapeutics Inc. received a bullish reception on its Wall Street debut, as shares of the California-based

@stockMarketNEWS Mon 14 Jun, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Janux Therapeutics stock opens at double the upsized IPO's pricing #FinanceUSA #StockMarketNEWS
Janux Therapeutics Inc. received a bullish reception on its Wall Street debut, as shares of the California-based biotechnology company developing cancer treatments opened at double the upsized initial public offering price before paring some gains. The company raised 3.8 million as it sold 11.4 million shares in the IPO, which priced at a share. That compares with previous expectations for an offering of 9.5 million shares and a pricing of between and a share. The stock's first trade was at .00 at 10:55 a.m. Eastern for 64,588 shares, which valued the company at about .3 billion. The stock has pulled back some since then, but was still up 43.1% at .32 in recent trading. the stock's bullish debut comes on a day that the Renaissance IPO ETF rose 0.8% while the S&P 500 declined 0.1%.


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