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Stock impact report

From drought to demand: Biotech IPOs roar back with Kailera and Alamar [Yahoo! Finance Canada]

Alamar Biosciences, Inc. - Class A common stock (ALMR) 
The Alamar Biosciences CEO's IPO was one of two back-to-back blockbuster biotech offerings this week, a clear signal that investors are willing to for life sciences companies again—under the right conditions. On Thursday, Kailera Therapeutics, an obesity drug developer, raised in what is believed to be the in Nasdaq history. The IPO priced 39.1 million shares at $16 (the top of its range). The company had initially set out to raise just $500 million. One day post-IPO, Kailera was 63 percent. On Friday, Alamar Biosciences, a precision proteomics (the study of proteins rather than genes) firm, priced its own upsized offering at $17 per share (the top of its range) raising $191.3 million after demand exceeded available shares by 11 times, Luo told Fortune . Much like Kailera, Alamar shares , up 33% on the first day of trading. For Alamar in particular, the listing carries symbolic weight. The life sciences tools and diagnostics sector has been effectively shut out of the public mar Show less Read more
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