Cytek Biosciences (CTKB) IPO Opens 24% Higher

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Go back to Cytek Biosciences (CTKB) IPO Opens 24% Higher

Cytek Biosciences Announces Pricing of Its Initial Public Offering

July 22, 2021 10:44 PM EDT

FREMONT, Calif., July 22, 2021 (GLOBE NEWSWIRE) -- Cytek Biosciences, Inc. (Cytek Biosciences or Cytek) (Nasdaq: CTKB), a leading cell analysis solutions company, announced today the pricing of its initial public offering of an aggregate of 16,749,330 shares of its common stock at a price to the public of $17.00 per share. The gross proceeds to Cytek from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be $200 million. Cytek is offering 11,764,706 shares of common stock and the selling stockholders named in the prospectus are offering 2,799,929 shares of common stock.... More