On Mar 26, 2014 Akebia Therapeutics Inc (NASDAQ:AKBA), announced the closing of its initial public offering of 6,762,000 shares of common stock at an initial public offering price of $17.00 per share. This includes the exercise in full by the underwriters of their option to purchase 879,647 shares of common stock. The aggregate net proceeds to Akebia, after underwriting discounts and commissions and estimated offering expenses, are approximately $106.9 million. All of the shares of common stock were offered by Akebia. Akebia Therapeutics Inc (NASDAQ:AKBA) shares after opening at $18.06 moved to $18.99 on last trade day and at the end of the day closed at $18.89.Company price to cash ratio as 11.78. Akebia Therapeutics Inc (NASDAQ:AKBA) showed a negative weekly performance of -13.67%.
Borderfree Inc (NASDAQ:BRDR) announced it has closed its previously announced initial public offering of 5,750,000 shares of common stock at a price to the public of $16.00 per share, which included 750,000 shares purchased from the company upon the exercise in full of the underwriters’ option to purchase additional shares.Credit Suisse and RBC Capital Markets, acted as joint book-running managers for the offering. Pacific Crest Securities, Canaccord Genuity, William Blair, and Needham & Company were co-managers for the offering.Borderfree Inc (NASDAQ:BRDR) shares advanced 1.65% in last trading session and ended the day on $14.15. BRDR return on equity ratio is recorded as 4.20% and its return on assets is -1.00%.
Varonis Systems Inc. (NASDAQ:VRNS) saw a massive down move on Tuesday on the back of heavy volumes which suggests that the downtrend for the stock might continue and we might witness lower levels.Varonis Systems Inc (NASDAQ:VRNS) shares moved up 8.81% in last trading session and was closed at $29.02, while trading in range of $25.55-$29.25. Varonis Systems Inc (NASDAQ:VRNS) year to date performance is -34.87%.
Care.com Inc. (NYSE: CRCM) was supposed to be a great IPO. In fact, it was going to even be in our top IPOs to watch in 2014, but the company came public before the final selections had been made for the research. This is supposed to be a great company, but on a day that the stock market hit a new high, this stock is trading at a post-IPO low, which screened out as a 52-week low. This is now even trading as a busted IPO, meaning it is under the formal pricing.Care.com Inc (NYSE:CRCM) weekly performance is -21.08%. On last trading day company shares ended up $12.54. Care.com Inc (NYSE:CRCM) distance from 50-day simple moving average is -39.68%. Analysts mean target price for the company is $25.00.
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