Cytek Biosciences (CTKB) IPO Opens 24% Higher

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

Cytek Biosciences, Inc (CTKB) Prices 16.7M Share IPO at $17/sh

July 23, 2021 4:40 AM EDT

Cytek Biosciences, Inc. (Nasdaq: CTKB) 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. Cytek will not receive any proceeds from the sale of shares by the selling stockholders. In addition,... More