FatPipe Stock Rips 126% On Nasdaq Debut Before Paring Some Gains After-Hours
FatPipe Inc. FATN -38.5% + Free Alerts shares skyrocketed 126.08% to $13.00 from their initial public offering price of $5.75 per share during their Nasdaq debut, before sliding 20.77% to $10.30 in after-hours trading. The SD-WAN solutions provider completed its initial public offering on April 9, 2025, raising $4 million by offering 695,656 shares of common stock, according to a company press release. D. Boral Capital LLC served as the sole book-running manager for the offering.
Posted by - Systems Engineering.