ZS Pharma raises $107 million, jumps in trading debut

ZS Pharma Inc. (NASDAQ:ZSPH) jumped $10.38 (58%) to $28.38 on its first day of trading on Wednesday after raising $107 million through the sale of 5.9 million shares at $18 in an IPO. The price values the company at $354.4 million. Earlier this month, ZS Pharma said it planned to sell 5 million shares at $15-$17. JPMorgan; Credit Suisse; BMO Capital Markets; and William Blair are underwriters. ...