Page 6 - John Treace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

For the second time this year, a Jacksonville area company soared higher after its initial public offering hit the market. Treace Medical Concepts Inc. rose $8.53 to $25.53 on its first day of trading April 23, after its IPO of 11.25 million shares was priced at $17. It kept rising this week and reached a high of $34.47 April 27. That follows Dream Finders Homes Inc.’s IPO of 9.6 million shares at $13 each, which jumped $7.95 to $20.95 on its first trading day Jan. 21 and eventually peaked at $31.98. Dream Finders already had a high profile in Northeast Florida before going public, with mar...

The stock begins trading April 23 on the Nasdaq Global Select Market under the ticker symbol “TMCI.”

Treace Medical Concepts Inc. revealed the expected terms of its initial public offering April 19, with the stock expected to reach the market later this week. Ponte Vedra-based Treace Medical said in an updated Securities and Exchange Commission filing it is offering 6.25 million shares of stock at $15 to $17 each. Treace Medical, which makes devices for bunion surgery, expects net proceeds of $90.2 million if the stock sells at the midpoint of its price range. Besides those new shares, existing stockholders are offering an additional 3.125 million shares in the IPO. That includes about 2.4 m...