2026 IPO Pricing and Performance

IPO - Pricing (11)
Piper Sandler

Date	Company Name	Sector	Price ($)	Size (M)	1	2	3	Turnover	Gain
						UnderWriters*
Sep 11	LB Pharmaceutic	Health Care	15	19	LRNK	PS	Stifel	0.6%	23.1%
Aug 14	Miami Internati	Finance	23	15	JPM	MS	PS	5.6%	35.3%
Aug 8	Avidbank Holdin	Finance	23	2	PS	STPH		0.4%	2.2%
Aug 8	Heartflow, Inc.	Health Care	19	16	JPM	MS	PS	1.3%	56.8%
Jul 31	Shoulder Innova	Health Care	15	5	MS	GS	PS	2.1%	0.1%
Jul 23	Carlsmed, Inc.	Health Care	15	6	BAML	GS	PS	0.9%	-4.6%
Jul 2	CoastalSouth Ba	Finance	21.5	2	PS	STPH		0.1%	-1.2%
May 5	American Integr	Finance	16	6	KBW	PS	WB	1.3%	4.7%
Mar 6	Kestra Medical	Health Care	17	11	BAML	GS	PS	0.8%	27.9%
Jan 30	Beta Bionics, I	Health Care	17	12	BAML	PS	LRNK	1.1%	39%
Jan 16	Flowco Holdings	Energy	24	17	JPM	JEFF	PS	0.2%	24.4%

* Lead manager or one of top three managers in an underwriting team.