Thursday, September 29, 2016
Fulgent Genetics Up Slightly In IPO Debut
Temple City-based Fulgent Genetics, closed its first day on the public markets up slightly, at $9.18 per share, after debuting at $9.00 per share this morning. The company priced at $9.00 a share on Wednesday night, and is now trading as FLGT on the NASDAQ Global Market. The company sold 4,200,000 shares of its common stock in the offering, raising $37.8M in its IPO. Fulgent Genetics is led by serial entrepreneur Ming Hsieh.