Inari Medical’s stock blasts off, trades more than double the IPO price

Shares of Inari Medical Inc. (NASDAQ: NARI), rocketed out of the gate Friday, as they opened for trading at prices that were more than double the initial public offering price…

The Irvine, Calif.-based company, which develops medical devices for patients suffering from venous diseases, upsized its IPO to 8.20 million shares from 7.33 million shares.

The company raised $155.85 million in the IPO, which priced at $19, above the expected range of $17 to $18, which was recently raised from $14 to $16.

The stock’s first trade was at $41.30–117% above the IPO price–at 12:09 p.m. ET for 1.1 million shares.

It has since…

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