Eight companies and two SPACs entered the public market this week. Health and tech companies Health Catalyst, Castle Biosciences, and Livongo dominated while solar energy installer Sunnova and sporting events company Wanda Sports Group fell flat.
Health Catalyst, which provides a data analytics platform and services to healthcare organizations, had a first day pop of 51% and a total return of 47%, making it the top performer of the week, after pricing above its upwardly revised range. Despite heavy losses and so-so margins, Health Catalyst succeeded by offering fast growth in a massive market.
Castle