Last Update: 10-Jul-17 09:17 ET
The Week Ahead for the IPO Market (CODX)
With the July 4th holiday week now in the rear view mirror, the IPO market will be set re-open its doors. But, those doors certainly aren't bursting open with just a pair of possible IPOs this week -- one of which was a previously postponed one. Over the past couple of weeks, conditions have perhaps changed a bit. Volatility has re-entered the market and the tech sector in particular has suffered some set backs. Also, Blue Apron (APRN), one of the more highly-anticipated deals over the past month, has been a complete dud. After drastically slashing its deal size, shares are now trading 23% below its IPO price. That dreadful performance could be enough to scare some would-be IPOs away from the market.Monday, July 10:
Tuesday, July 11:
Wednesday, July 12:
- Co-Diagnostics (CODX): The molecular diagnostics company that has developed and intends to manufacture and sell reagents used for diagnostic tests is expected to price its 1.3 million share IPO within a range of $6.35-$6.75.
Thursday, July 13:
Friday, July 14:
Week of July 10:
- Akcea Therapeutics (AKCA): Originally expected to price on June 30, the biopharmaceutical company developing drugs for serious cardiometabolic diseases is now expected to price its 9.6 million share IPO within a $12-$14 range this week.
With the July 4th holiday week now in the rear view mirror, the IPO market will be set re-open its doors. But, those doors certainly aren't bursting