Relypsa Drops Its IPO Price but Gets Out the Door
By Marie Powers
Friday, November 15, 2013
After reducing its initial public offering (IPO) from a range of $16 to $19 down to $12, Relypsa Inc. dropped the price again, to $11 , before the company’s shares began trading Friday on Nasdaq under the ticker “RLYP.” But that move seemed to sit well with investors, with the stock opening at $12.47.
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