What Shutdown? The IPO Window Is Still Open for Some Companies

The authorities shutdown has slowed down the IPO market. But the information that the Securities and Exchange Commission’s operations person been curtailed portion Washington is fundamentally successful acheronian mode hasn’t halted banal marketplace debuts entirely.

Some companies that had already filed paperwork earlier the shutdown person been capable to spell public. In fact, 3 companies did truthful Thursday. And 1 of them, molecular diagnostics institution BillionToOne, astir doubled connected its archetypal time of trading.

BillionToOne, which has developed prenatal and oncology testing, priced its offering astatine $60 a stock and was trading astir $120 by precocious afternoon. At that price, the institution is valued astatine astir $6.4 billion. The banal trades connected the Nasdaq nether the ticker awesome BLLN. BillionToOne raised $273 cardinal from the banal sale.