2025 IPO Pricing and Performance

IPO - Pricing (12)
William Blair

Date	Company Name	Sector	Price ($)	Size (M)	1	2	3	Turnover	Gain
						UnderWriters*
Dec 16	Bionomics Limit	Health-Care	12.4	1		WB	CNTR	11.3%	19.3%
Nov 11	BACKBLAZE Inc.	Technology	16	6	OPPN	WB	RAYJ	120.7%	24.4%
Nov 5	The Real Good F	Consumer-Services	12	5	JEFF	WB	TS	55.9%	-4.6%
Oct 26	Augmedix Inc.	Technology	4	10	WB			15.2%	-12.5%
Oct 15	MiNK Therapeuti	Health-Care	12	3	EVCR	WB		21.5%	0%
Jul 15	Sera Prognostic	Health-Care	16	4	CITI	COWN	WB	70.3%	-25.6%
Jun 30	CVRx Inc.	Health-Care	18	7	JPM	PS	WB	7.9%	44.8%
Jun 25	Alpha Teknova I	Health-Care	16	6	COWN	WB		59.6%	56.3%
Jun 17	Verve Therapeut	Health-Care	19	14	JPM	GGNH	WB	29.8%	68%
Apr 15	Karat Packaging	Consumer-Non-Durables	16	3	Stifel	WB	NTNL	49.7%	16%
Apr 1	Karooooo Ltd. (	Technology	28	1	MS	BAML	WB	719.2%	21.4%
Feb 5	Lucira Health I	Health-Care	17	9	BAML	WB		40.7%	46.9%

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