Here’s the list of companies that went public during September 2018:
Gores Holdings III, Inc. (NASDAQ: GRSHU)
IPO Date: Sep. 07, 2018
IPO Price: $10.00
Amount Raised: $375 million
Founded in 2017, Gores Holdings III, a blank check company, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company raised $375 million by selling 37.5 million shares. At the close of the first trading day, the stock was up 12% at $10.15.
Churchill Capital Corp (NYSE: CCC.U)
IPO Date: Sep. 07, 2018
IPO Price: $10.00
Amount Raised: $600 million
Founded in 2018, Churchill Capital, a blank check company, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company raised $600 million by selling 60 million shares. At the close of the first trading day, the stock was at $10.06.
NIO Inc. (NYSE: NIO)
IPO Date: Sep. 12, 2018
IPO Price: $6.26
Amount Raised: $1 billion
NIO is a Shanghai-based electric-vehicle manufacturer founded in 2014. The company’s valuation at IPO was $6.4 billion. NIO is likely to compete with Tesla in the US. The company raised $1 billion by selling 160 million shares. At the close of the first trading day, the stock was slightly up at $6.60.
111, Inc. (NASDAQ: YI)
IPO Date: Sep. 12, 2018
IPO Price: $14.00
Amount Raised: $100.5 million
111, Inc. is a Chinese online drugstore founded in 2012. It is one of the first online retail pharmacies in China. The company’s valuation at IPO was $2.3 billion. The company raised $100.5 million by selling 7.2 million shares. At the close of the first trading day, the stock was slightly down at $13.80.
Qutoutiao (NASDAQ: QTT)
IPO Date: Sep. 14, 2018
IPO Price: $7.00
Amount Raised: $84 million
Qutoutiao is a Chinese online news aggregator founded in 2016. Its valuation at IPO was $1.7 billion. The company raised $84 million by selling 12 million shares. At the close of the first trading day, the stock was up 128% at $15.97.
Principia Biopharma (NASDAQ: PRNB)
IPO Date: Sep. 14, 2018
IPO Price: $17.00
Amount Raised: $106.25 million
Principia Biopharma is a clinical-stage biopharmaceutical company founded in 2008. The company’s valuation at IPO was $386 million. It raised $106.25 million by selling 6.25 million shares. At the close of the first trading day, the stock was up 92% at $32.65.
FVCBankcorp (NASDAQ : FVCB)
IPO Date: Sep. 14, 2018
IPO Price: $20.00
Amount Raised: $35 million
FVCBankcorp is the bank holding company for FVCbank founded in 2007. The company’s valuation at IPO was $256.5 million. It raised $35 million by selling 1.75 million shares. The stock closed flat on the first trading day.
X Financial (NYSE : XYF)
IPO Date: Sep. 19, 2018
IPO Price: $9.50
Amount Raised: $104.5 million
X Financial is a China-based peer-to-peer lending platform founded in 2014. The company’s valuation at IPO was $2.9 billion. It raised $104.5 million by selling 11 million shares. The stock closed at $11.91 on the first trading day.
Eventbrite (NYSE : EB)
IPO Date: Sep. 20, 2018
IPO Price: $23.00
Amount Raised: $230 million
Eventbrite is an online ticketing platform founded in 2006. The company’s valuation at IPO was $1.8 billion. It raised $230 million by selling 10 million shares. At the close of the first trading day, the stock was up nearly 59% at $36.50.
Elanco Animal Health (NYSE : ELAN)
IPO Date: Sep. 20, 2018
IPO Price: $24.00
Amount Raised: $1.5 billion
Elanco is a spin-off of animal health unit of pharmaceutical giant Eli Lilly (LLY). Elanco’s valuation at IPO was $8.6 billion. The company raised $1.5 billion by selling 62.9 million shares. The stock closed at $36.00 on the first trading day.
Bank7 (NASDAQ : BSVN)
IPO Date: Sep. 20, 2018
IPO Price: $19.00
Amount Raised: $64.6 million
Bank7 is an Oklahoma City-based bank holding company founded in 1901. The company’s valuation at IPO was $193.5 million. It raised $64.6 million by selling 3.4 million shares. The stock closed at $19.09 on the first trading day.
Y-mAbs Therapeutics (NASDAQ : YMAB)
IPO Date: Sep. 21, 2018
IPO Price: $16.00
Amount Raised: $96 million
YmAbs is a New York-based clinical-stage biopharmaceutical company founded in 2015. The company raised $96 million by selling 6 million shares. The stock closed at $24.00 on the first trading day.
Farfetch Ltd. (NYSE : FTCH)
IPO Date: Sep. 21, 2018
IPO Price: $20.00
Amount Raised: $884.8 million
Farfetch is a London-based online luxury fashion retail platform founded in 2007. Its valuation at IPO was $5.8 billion. The company raised $884.8 million by selling 44.2 million shares. The stock closed at $28.45 on the first trading day.
Viomi Technology Co., Ltd (NASDAQ : VIOT)
IPO Date: Sep. 25, 2018
IPO Price: $9.00
Amount Raised: $102.6 million
Viomi is a China-based smart-home products company founded in 2014. Its valuation at IPO was $1.9 billion. The company raised $102.6 million by selling 11.4 million shares. At the close of the first trading day, the stock was slightly up at $9.08.
SurveyMonkey Inc. (NASDAQ : SVMK)
IPO Date: Sep. 26, 2018
IPO Price: $12.00
Amount Raised: $180 million
SurveyMonkey is an online survey company founded in 1999. The company’s valuation at IPO was $1.5 billion. It raised $180 million by selling 15 million shares. The stock closed at $17.24 on the first trading day.
Entasis Therapeutics Holdings Inc. (NASDAQ : ETTX)
IPO Date: Sep. 25, 2018
IPO Price: $15.00
Amount Raised: $75 million
Entasis Therapeutics is a clinical-stage biopharmaceutical company focused on the discovery and development of novel antibacterial products. Its valuation at IPO was $196 million. The company raised $75 million by selling 5 million shares. At close of the first trading day, the stock was almost down 29% to $10.66.
Capital Bancorp Inc. (NASDAQ : CBNK)
IPO Date: Sep. 26, 2018
IPO Price: $12.50
Amount Raised: $27.8 million
Capital Bancorp is a bank holding company of Capital Bank, National Association. The company raised $27.8 million by selling 2.2 million shares. At the close of the first trading day, the stock was slightly up at $12.80.
Arco Platform Ltd. (NASDAQ : ARCE)
IPO Date: Sep. 26, 2018
IPO Price: $17.50
Amount Raised: $194.4 million
Arco Platform delivers high-quality educational content in both printed and digital formats to private schools in Brazil to improve the learning process. The company raised $194.4 million by selling 11.1 million shares. The stock opened 40% higher at $24.5 and closed slightly lower at $23.50.
Urovant Sciences Ltd. (NASDAQ : UROV)
IPO Date: Sep. 27, 2018
IPO Price: $14.00
Amount Raised: $140 million
Urovant Sciences is a clinical-stage biopharmaceutical company focused on developing novel therapies for urologic conditions. The company raised $140 million by selling 10 million shares. The stock opened 25% lower at $10.5 and closed slightly higher at $11.65.
Sutro Biopharma, Inc. (NASDAQ : STRO)
IPO Date: Sep. 27, 2018
IPO Price: $15.00
Amount Raised: $85 million
Sutro Biopharma develops antibody-drug conjugate and multi-specific antibody-based therapeutics for cancer therapy. Its valuation at IPO was $342 million. The company raised $85 million by selling 5.7 million shares. At the close of the first trading day, the stock was slightly up at $15.20.
Ra Medical Systems, Inc. (NYSE : RMED)
IPO Date: Sep. 27, 2018
IPO Price: $17.00
Amount Raised: $66.3 million
Ra Medical Systems is a medical device company which develops excimer lasers for use in the treatment of vascular and dermatological diseases. The company raised $66.3 million by selling 3.9 million shares. The stock opened more than 25% higher at $21.5 and closed slightly lower at $20.00.
Laix Inc. (NYSE : LAIX)
IPO Date: Sep. 27, 2018
IPO Price: $12.50
Amount Raised: $71.8 million
Laix is a Chinese-based artificial intelligence company that creates and delivers products and services to popularize English learning. The company raised $71.8 million by selling 5.75 million shares. The stock opened more than 28% higher at $16 and closed nearly 21% lower at $12.65.
Arvinas Inc. (NASDAQ: ARVN)
IPO Date: Sep. 26, 2018
IPO Price: $16.00
Amount Raised: $120 million
Arvinas is a biotechnology company focused on creating a new class of drugs based on protein degradation to treat cancer and other diseases. Its valuation at IPO was $514.5 million. The company raised $120 million by selling 7.5 million shares. The stock opened more than 31% higher at $21 and closed nearly 24% lower at $16.05.
Gritstone Oncology, Inc. (NASDAQ : GRTS)
IPO Date: Sep. 28, 2018
IPO Price: $15.00
Amount Raised: $100 million
Gritstone Oncology is a next-generation personalized cancer immunotherapy company based in Emeryville, California. The company raised $100 million by selling 6.7 million shares. At the close of the first trading day, the stock was slightly down at $14.24.
CooTek (Cayman) Inc. (NYSE : CTK)
IPO Date: Sep. 28, 2018
IPO Price: $12.00
Amount Raised: $52.2 million
CooTek is a Chinese mobile internet company which provides big data processing and artificial intelligence solutions. The company raised $52.2 million by selling 4.35 million shares. At the close of the first trading day, the stock was down about 18% to $9.44.