Heartflow (HTFL) Soars 66% on IPO on Strong Investor Confidence

We recently published 10 Stocks with Eye-Popping Gains; 5 Jump to New Highs. Heartflow, Inc. (NASDAQ:HTFL) is one of the best-performing stocks on Friday.

Heartflow Inc. saw its share prices surge by as high as 66 percent on its first day as a publicly listed company, amid a strong market appetite bolstered by softer trade policy expectations and lower interest rates.

In its market debut, Heartflow, Inc. (NASDAQ:HTFL) opened the day at $28 and surged to as high as $31.5 before paring gains to end the day just up by 51.32 percent at $28.75.

During its market debut, Heartflow, Inc. (NASDAQ:HTFL) was already valued as much as $2.33 billion.

Heartflow, Inc. (NASDAQ:HTFL) successfully raised $316.7 million from its IPO, having sold 16.67 million shares at a price of $19 apiece. The entire shares were offered by the company, with the offering expected to close on Monday, August 11.

Additionally, it granted its underwriters a 30-day option to purchase up to 2.5 million shares at the IPO price, less underwriting discounts and commissions.

Heartflow, Inc. (NASDAQ:HTFL) is a medical technology firm backed by private investment firm Bain Capital. Its core business is to advance coronary care by transforming coronary artery disease into a screenable, diagnosable, and manageable condition.

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