A host of high-profile private companies hit Wall Street this year, debuting across various prominent sectors. These “unicorns,” Wall Street’s term for a fast-growing startup company, definitely have the potential to make it big, given their impressive journey since their initial public offerings (IPOs).
Let us, thus, take a look at some of the best IPOs that took investors aback with their performance.
Silk Road Medical, Inc SILK is a medical device company. The Sunnyvale, CA-based company is focused on decreasing the risk of stroke and its distressing impact.
Offer Date: Apr 4, 2019
IPO Price: $20
Silk Road Medical’s share prices have been up 10.1% since its debut on Apr 4, settling at $39.82 at the end of Dec 24. The company sold 6 million shares at $20 (the top of its pricing range), raising about $120 million before deducting underwriting discounts and commissions and other offering expenses.
The stock has witnessed demand because of rising adoption of transcarotid artery revascularization process for the treatment of carotid artery disease and could continue to do so ahead. Silk Road Medical carries a Zacks Rank #3.
Read More: https://www.nasdaq.com/articles/5-best-performing-ipos-of-2019-2019-12-26