IPO Market Could Launch 4 New Firms Next Week

Posted by iRhythm Technologies on October 16, 2016
iRhythm Technologies

All four of last week’s initial public offering (IPO) candidates succeeded in reaching the public markets. The results were definitely a mixed bag although the first IPO of an oil & gas production company in more than two years was the week’s big success.

Extraction Oil & Gas Inc. (NASDAQ: XOG) priced its offering at $19, above the expected range, and raised $633 million with a first day pop of 15%. The Niobrara producer firm closed the week up 14.6%.

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Topics: Wall St

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