Thorne HealthTech slumps in lackluster stock market debut

Thorne HealthTech

23/09/2021 17:43

** Shares of health and wellness company  THRN.O  open
15%below their IPO price in Nasdaq debut
    ** Stock open at $8.50 vs IPO price of $10
    ** Co sold 7 mln shares in IPO, raising about $70 mln
    ** THRN is developing solutions with a personalized approach
to health and wellbeing 
    ** Its brands include Thorne and Onegevity
    ** BofA Securities, Cowen and Evercore ISI were the
lead-book running managers for the IPO

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))