Vapotherm (VAPO) IPO Opens 11% Higher

Today's IPO for Vaporin, Inc. (NYSE: VAPO) opened for trading at $15.50 after pricing 4,000,000 shares of common stock at a price to the public of $14.00 per share.

In addition, Vapotherm has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock, at the initial public offering price less underwriting discounts and commissions.

BofA Merrill Lynch and William Blair are acting as joint book-running managers. Canaccord Genuity LLC is acting as lead manager, and BTIG, LLC is acting as co-manager.

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