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Fulgent Genetics Up Slightly In IPO Debut

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Temple City-based Fulgent Genetics , closed its first day on the public markets up slightly, at $9.18 a share on Wednesday night, and is now trading as FLGT on the NASDAQ Global Market. per share, after debuting at $9.00 per share this morning. The company priced at $9.00 in its IPO.

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Fulgent Genetics Files For IPO

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Temple City-based Fulgent Genetics , based in the San Gabriel Valley, has filed for an IPO, saying that it is seeking to raised $50M in an IPO on the NASDAQ Global Market as FLGT. The IPO is being underwritten by Credit Suisse, Piper Jaffray, Raymond James, and BTIG.

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Two SoCal IPOs On IPO Calendar For This Month

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The Trade Desk's IPO is expected on September 21st, if all goes well, with Everbridge hitting the market on September 16th. The two companies are the only tech companies currently on the upcoming IPO list.

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Fulgent Genetics Poised For IPO On Wednesday

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According to the NASDAQ IPO Calendar, Fulgent is poised to have its IPO on Wednesday, meaning that it most likely will price its IPO tonight after the markets close, if all goes well. Hsieh--who holds the majority shares in Temple City-based Fulgent--is being honored by USC for the 10th anniversary of his gift to USC in the next few weeks.