BlossomHill Therapeutics Shares Fall in Nasdaq Debut

MT Newswires Live

08/08

BlossomHill Therapeutics (BLSM) shares fell 2.3% to $15.63 in their Nasdaq debut on Friday.

The stock opened at $15.75 and reached $16 before trading as low as $15.25.

The company priced its upsized initial public offering of 9.375 million common shares at $16 each, raising $150 million in gross proceeds.

The underwriters were granted a 30-day option to buy up to an additional 1.4 million shares.

The offering is expected to close Monday.

Price: 15.63, Change: -0.37, Percent Change: -2.31

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