Kardigan Shares Surge in Nasdaq Debut

MT Newswires Live
06/19

Kardigan (KARD) shares surged 28% to $20.54 in their debut Thursday on the Nasdaq.

The clinical-stage precision therapeutics company priced its initial public offering of 25 million shares at $16 each. Underwriters were granted a 30-day option to purchase an additional 3.75 million shares.

The stock opened at $16.25 and rose as high as $21.

The offering is scheduled to close Monday.

Price: 20.54, Change: +4.54, Percent Change: +28.38

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