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Rapid Micro Biosystems Priced, Nasdaq: RPID

Provides an automated microbial testing device and platform.

Industry: Health Care

Latest Trade: $0.95 0.00 (0.0%)

First Day Return: +7.0%

Return from IPO: -95.3%

Industry: Health Care

We are leading a global transformation toward fully automated microbial quality control within pharmaceutical manufacturing. Our products safeguard the most complex and critical bioprocessing workflows in the industry, enabling faster, safer, and higher capacity drug production. Through our unique expertise at the intersection of microbiology, robotic systems, and advanced vision algorithms, we are setting the foundation for end-to-end quality control automation to enable the future of advanced pharmaceutical manufacturing. We are an innovative life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products such as biologics, vaccines, cell and gene therapies, and sterile injectables. Our flagship Growth Direct platform automates and modernizes the antiquated, manual microbial quality control, or MQC, testing workflows used in the largest and most complex pharmaceutical manufacturing operations across the globe. The Growth Direct platform brings the quality control lab to the manufacturing floor, unlocking the power of in-line/at-the-line MQC automation to deliver faster results, greater accuracy, increased operational efficiency, better compliance with data integrity regulations, and quicker decision making that our customers rely on to ensure safe and consistent supply of important healthcare products.
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IPO Data
IPO File Date 06/25/2021
Offer Price $20.00
Price Range $18.00 - $20.00
Offer Shares (mm) 7.9
Deal Size ($mm) $158
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/14/2021
Offer Price $20.00
Price Range $18.00 - $20.00
Offer Shares (mm) 7.9
Deal Size ($mm) $158
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Morgan Stanley
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Company Data
Headquarters Lowell, MA, United States
Founded 2006
Employees 160
Website www.rapidmicrobio.com

Rapid Micro Biosystems (RPID) Performance