|Bid||44.25 x 1200|
|Ask||44.33 x 800|
|Day's Range||43.83 - 45.64|
|52 Week Range||20.37 - 46.77|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||42.17%|
|Beta (5Y Monthly)||1.23|
|Expense Ratio (net)||0.60%|
Shares of Oak Street Health Inc. debuted with a bang Thursday, as they paced all NYSE percentage gainers on their first day of trading, after the initial public offering priced above its expected range. The Chicago-based network of primary care for adults raised about $328.1 million, after saying late Wednesday that it sold 15,625,000 shares in its IPO, which priced at $21 a share. The IPO was expected to price between $19 and $21 a share. At the IPO price, the company was valued at $5.01 billion. The stock's first trade was at $42.50, or 102.4% above the IPO price. It has pared some gains to be up 75% in afternoon trading. The company went public at a time that the Renaissance IPO ETF has soared 48.4% over the past three months while the S&P 500 has gained 17.5%.
Quicken Loans parent Rocket Companies Inc.'s stock public debut fell flat, after the mortgage lending giant's downsized initial public offering priced below its expected range. The stock's first trade on the New York Stock Exchange was at $18.00 at a.m. Eastern for 12.45 million shares, in line with the IPO price. It the fell to a low of $17.50 before bouncing to trade up 1.1%. The company said late Wednesday that it sold 100 million shares in the IPO, which priced at $18 a share, to raise $1.8 billion. Just last week, the company said it was offering 150 million shares in the IPO, which was expected to price between $20 and $22 a share, which could've raised up to $3.3 billion for the company. The disappointing IPO pricing came at a good time for the IPO market, as the Renaissance IPO ETF has rallied 47.6% over the past three months, while the S&P 500 has advanced 16.6%.
BigCommerce Holdings Inc.'s stock blasted off at the open, and kept rising, after provider of software that enables users to build out their online businesses's recently upsized initial public offering priced above raised expectations. The stock's first trade was at $68, or 183.3% above the $24 IPO price. It has rallied further since to trade up 218.0% at $76.68. The company offered a total of 9,019,565 shares in the IPO, including 6,850,000 shares from the company and 2,169,565 shares from selling stockholders. At the IPO price, the company raised $164.4 million in the IPO, with the company valued at about $1.6 billion. On Aug. 3, the company said it expected to offer a total of 9,019,565 shares with the IPO expected to price between $21 and $23 a share; on July 28, the company said it was offering 6,850,000 million shares in the IPO -- selling stock holders weren't expected to sell shares at the time -- at an expecting pricing of between $18 and $20 a share. Morgan Stanley, Barclays, Jefferies and KeyBanc Capital Markets are the lead underwriters. The company recorded a net loss of $5.8 million on revenue of $33.2 million in the three months ended March 31, after a loss of $12.3 million on revenue of $25.6 million a year ago. The company has gone public at a time that the Renaissance IPO ETF has run up 51.9% over the past three months while the S&P 500 has gained 15.9%.