Penumbra (PEN) jumped nearly 38% on the first trading day of its upsized initial public offering. The stock priced at 30, above its estimated range of 25 to 28. The stock opened at 40, up 33%, rose as high 42 before closing at 41.30. The company offered 4 million shares, above previous plans for 3.8 million. Penumbra makes and markets a range of medical devices “that addresses challenging medical conditions and significant clinical needs across
Penumbra (PEN) jumped nearly 40% on the first trading day of its upsized initial public offering. The stock priced at 30, above its estimated range of 25 to 28. The stock opened at 40, up 33%, and trading near 42, up 39%, Friday morning. The company offered 4 million shares, above previous plans for 3.8 million. Penumbra makes and markets a range of medical devices “that addresses challenging medical conditions and significant clinical needs
Penumbra (PEN) raised $120 million in an upsized initial public offering late Thursday, with shares pricing above its estimated range. The medical device maker offered 4 million shares, above previous plans of 3.8 million, according to research firm IPOboutique.com. Shares priced at 30, above its estimated range of 25 to 28. Penumbra makes and markets a range of medical devices “that addresses challenging medical conditions and significant