Tricida, Translate Bio, Forty Seven and Entera price IPOs

By Paul Bonanos | Jun 29, 2018 | 6:33 PM GMT

Among three well-funded biotechs that priced IPOs, Tricida Inc. (NASDAQ:TCDA) had by far the best first-day performance on June 28, posting a 37% gain, while Translate Bio Inc. (NASDAQ:TBIO) and Forty Seven Inc. (NASDAQ:FTSV) each lost ground.

All three had upsized the number of shares in their offerings. The trio raised a total of more than $450 million.

The offerings come amid a busy period for new listings, partly due to the constraints of a tight calendar window (see "Bountiful, Not Bubbly").

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