Rapid Micro Biosystems (RPID) IPO Opens 13% Higher

Today's IPO for Rapid Micro Biosystems, Inc. (Nasdaq: RPID) opened for trading at $22.50 after pricing 7,920,000 shares of its Class A common stock at a price to the public of $20.00 per share.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Cowen and Company, LLC and Stifel, Nicolaus & Company, Incorporated are acting as joint book-running managers of the offering.

Rapid Micro Biosystems is an innovative life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products.

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