The IPO Buzz: Adlai Nortye (ANL) Closes at $15.00 – Down 34.78 Percent in its NASDAQ Debut
Ouch. The American Depositary Shares (ADS) of Adlai Nortye Ltd. (ANL) closed their first day of NASDAQ trading today at $15.00 - down $8.00 or off 34.78 percent from their $23.00 IPO price. The Cayman Island company's NASDAQ debut got off to a rough start. Adlai Nortye's ADS slid 21.7 percent to open at $18.00 - $5.00 below their $23.00 IPO price - at 11:10 a.m. EDT today (Friday, Sept. 29, 202..
Read more September 29, 2023IPO Calendar
| Company | Symbol proposed | Shares (Millions) | Est. $ Volume | Expected to Trade | SCOOP Rating | Rating Change |
|---|---|---|---|---|---|---|
| Gamer Pakistan Inc. | GPAK | 1.7 | $ 6.8 mil | 9/29/2023 Postponed | S/O | S/O |
| Maison Solutions | MSS | 3.0 | $ 12.0 mil | 10/2/2023 Week of | S/O | S/O |
| Primech Holdings Ltd. | PMEC | 3.1 | $ 13.7 mil | 10/3/2023 Tuesday | S/O | S/O |
Last 100 IPOs - September 30, 2023
| Number of IPOs priced : | 100 |
| Number Up: | 25 |
| Number Down: | 75 |
| Number Unchanged: | 0 |
| Percentage Change From Issue Price: | -6.38% |
| Percentage Change for The Nasdaq Composite | 20.60% |
2023 IPO Scorecard - September 30, 2023
| Number of IPOs priced (Excluding 28 units) : | 97 |
| Number Up: | 25 |
| Number Down: | 72 |
| Number Unchanged: | 0 |
| Total Return From Issue Price: | -5.21% |
| The Nasdaq Composite Index YTD % Change | 26.80% |