aaap News

As we noted in a mid-week blog post, AAAP had the best first-day pop (+53%) for an IPO in three months, and on the same day Voyager had the best pop in almost two months (+27%). While there were no biotech filings this past week, it is a safe...read more

Three biotechs and one regional bank priced and began trading on Wednesday. None broke issue. Only one of the four priced below the range, compared to 85% of IPOs that began trading in October. Advanced Accelerator Applications (AAAP) popped 53%, giving it the best first-day performance for an IPO in the past three months. The diagnostics/therapeutics...read more

Advanced Accelerator Applications, a radiopharmaceutical diagnostics company developing its first therapeutic product, raised $75 million by offering 4.7 million shares at $16, within the range of $15 to $17. Advanced Accelerator Applications plans to list on the Nasdaq under the symbol AAAP. Citi and Jefferies acted as lead managers on the deal....read more

The IPO market is having its pre-Thanksgiving feast. Nine companies are on the IPO calendar to raise a combined $1.0 billion during the week ahead. Online mortgage company loanDepot and education software provider Instructure stand out. The IPO market could see four mid-large companies in the biotech space,...read more