Shares of Silk Road Medical (SILK) popped more than 80% on Thursday with an initial public offering that drew heavy interest from investors. The Silk Road Medical IPO raised $120 million.
Shares priced at 20, the high end of its estimated range, and opened at 33.15. The stock climbed further, closing at 36.18, up 80.9% on the stock market today. Silk Road initially set a price range of 15 to 17, later revised to a range of 19 to 20.
Silk Road also hiked the number of shares for the offering by 28% to 6 million.
The Silk Road IPO garnered lots of attention from investors, with one IPO research firm giving the company its highest rating.
Read More: https://www.investors.com/news/technology/silk-road-medical-ipo-initial-public-offering-2/?src=A00220&yptr=yahoo
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