FatPipe (FATN), a network software solutions provider, trimmed its IPO to about 0.7 million shares – down from 0.74 million shares in the prospectus – and priced the deal at $5.75 – the low end of its $5.75-to-$7.75 range – to raise $4.0 million on Monday night, April 7, 2025. Shares of FatPipe jumped to $6.50 at its opening trade at 10:45 a.m. on Tuesday, April 8 – up 75 cents from its IPO price – on NASDAQ volume of 286,985 shares. FatPipe’s stock closed its first day of NASDAQ trading at $13.00 – up $7.25 or 126.09 percent – to end in moonshot territory on Tuesday, April 8.
At pricing, FatPipe had a market cap of nearly $79 million.
FatPipe’s IPO pricing on Monday night, April 7, 2025, followed the third day of U.S. stock market turmoil triggered by fear of the impact of President Donald Trump’s tariffs policy.
D. Boral Capital (formerly known as EF Hutton) served as the sole book-runner.
FatPipe, based in Salt Lake City, Utah, provides network software solutions to enterprise customers in the United States and India, according to the prospectus.
“We offer secure software-defined wide area network (SD-WAN) solutions to enterprises, communication service providers, security service providers, government organizations and middle-market companies. We provide a reliable and secure platform to support mission-critical applications running on cloud, hybrid cloud and on-premise networks,” FatPipe said in the prospectus.
The software solutions provider plans “to expand throughout North America and in Southeast Asia,” according to the prospectus.
FatPipe is profitable, according to financial statements in the prospectus.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.
