Centessa rises, caps robust week of IPOs

ZipRecruiter

28/05/2021 18:09

** UK-based Centessa Pharmaceuticals  CNTA.O  rises in debut
on Fri, capping a week of robust IPO outcomes
    ** General Atlantic-backed co's ADSs open above $20 IPO
price, rise to as high as $22.71  urn:newsml:reuters.com:*:nL3N2NF3EU
    ** CNTA's IPO follows strong debuts on Thurs by medical
scrubs maker Figs  FIGS.N , Day One Biopharmaceuticals  DAWN.O 
and Singular Genomics Systems Inc  OMIC.O   urn:newsml:reuters.com:*:nL2N2NE2BS
    ** FIGS up ~10% on Fri and now trading ~50% above its IPO
price, while DAWN and OMIC up ~50% and ~25%, respectively, from
their issue prices
    ** And shares of fintechs Flywire  FLYW.O  and Paymentus
 PAY.N  are both up ~40% from their IPO prices since their
debuts on Weds  urn:newsml:reuters.com:*:nL2N2ND207
    ** This strong deal performance comes on heels of last
week's impressive IPOs from Swedish oatmilk maker Oatly Group
 OTLY.O  and construction software firm Procore Technologies
 PCOR.N , and potentially paves the way for companies looking to
go public before the July 4th holiday  urn:newsml:reuters.com:*:nL2N2N80ZS  urn:newsml:reuters.com:*:nL2N2N5218

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))