Applied Therapeutics (NASDAQ:APLT) gained some ground Wednesday after a rough start following its IPO. The developer of therapies for diabetic complications priced at $10, well below the previously announced range of $14 to $16, and opened trading at $9.40 on Tuesday. Founded in 2016, the company’s lead drug candidate, AT-001, is being developed to treat Diabetic Cardiomyopathy, a disorder of the heart muscle in people with diabetes.
Shares climbed 7.1% Wednesday to $10.07.
ConversionPoint Holdings Inc
ConversionPoint Holdings Inc (NASDAQ:CPTI) elected Wednesday to postpone its IPO. The California e-commerce tech firm had planned to issue 6.15 million shares on Wednesday, pricing between $6 and $7 to raise $40 million. A new IPO date was not announced.
ConversionPoint Holdings provides marketing, content and sales support to clients like The Coca-Cola Co (NYSE:KO) and Microsoft Corporation (NASDAQ:MSFT). In the last twelve months, ConversionPoint clocked $113.1 million in revenue, and a net loss of $44.2 million.
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