Sector Review: Action in Recent IPOs on Jan 17th

Wall St. Watchdog reveals information about today’s action in recent initial public offerings.

Gainers (% price change)

Kips Bay Medical (NASDAQ:KIPS):

The shares closed at $1.72, up $0.28, or 19.44% on the day. The stock is $6.28 or 78.5% lower than IPO price of $8.00.

Tranzyme Inc. (NASDAQ:TZYM):

The shares closed at $3.32, up $0.3, or 9.93% on the day. The stock is $0.68 or 17% lower than IPO price of $4.00.

China Zenix Auto International (NYSE:ZX):

The shares closed at $3.48, up $0.31, or 9.78% on the day. The stock is $2.52 or 42% lower than IPO price of $6.00.

NewLink Genetics (NASDAQ:NLNK):

The shares closed at $6.90, up $0.42, or 6.48% on the day. The stock is $0.1 or 1.43% lower than IPO price of $7.00.

SunCoke Energy (NYSE:SXC):

The shares closed at $13.40, up $0.77, or 6.1% on the day. The stock is $2.6 or 16.25% lower than IPO price of $16.00.

Losers (% price change)

Sequans Communications (NYSE:SQNS):

The shares closed at $2.51, down $0.22, or 8.06% on the day. The stock is $7.49 or 74.9% lower than IPO price of $10.00.

Horizon Pharma (NASDAQ:HZNP):

The shares closed at $3.35, down $0.2, or 5.63% on the day. The stock is $5.65 or 62.78% lower than IPO price of $9.00.

Spirit Airlines (NASDAQ:SAVE):

The shares closed at $14.19, down $0.83, or 5.53% on the day. The stock is $2.19 or 18.25% higher than IPO price of $12.00.

NetQin Mobile Inc. (NYSE:NQ):

The shares closed at $6.65, down $0.33, or 4.73% on the day. The stock is $4.85 or 42.17% lower than IPO price of $11.50.

FriendFinder Networks (FFN):

The shares closed at $0.82, down $0.04, or 4.64% on the day. The stock is $9.18 or 91.8% lower than IPO price of $10.00.

To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com