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ARTICLE | Financial News

Scholar Rock shares rise after IPO

May 24, 2018 4:18 AM UTC

Scholar Rock Holding Corp. (NASDAQ:SRRK) gained $1.50 (11%) to $15.50 in its first day of trading Thursday after raising $75 million through the sale of 5.4 million shares at $14 in an IPO. Jefferies, Cowen, BMO Capital Markets and Wedbush PacGrow underwrote the deal.

Scholar Rock priced the offering at the midpoint of its proposed range of $13-$15. The price valued the company at $342.2 million...

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Scholar Rock Holding Corp.