Gossamer Bio trading 3% above initial IPO price - MarketWatch

Shares of Gossamer Bio, Inc. GOSS, +4.00% opened at $19 Friday on the Nasdaq COMP, -0.63% , or 19% above its initial public offering price of $16, before falling back to $16.50, or 3% above the initial IPO price. The first trade crossed at 11:22am Eastern for 762,609 shares. The IPO priced on Thursday evening, with the company selling 17.25 million shares to raise $276 million. The iShares Nasdaq Biotechnology ETF IBB, -0.35% has gained 10.7% in the year to date, while the S&P 500 SPX, -0.64% is up 7.2%.

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