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Avantor Gets Modest Trade Debut Bump After $2.9 Billion IPO

Chemical maker for life sciences industry priced shares at $14
New Mountain-backed Avantor lowered target range Thursday

Avantor Is Well Positioned in Markets and Poised to Accelerate Growth, CEO Says

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By Michael Hytha and Michelle Fay Cortez

May 17, 2019 at 2:50 AM UTC

Updated on

May 17, 2019 at 9:38 PM UTC

This article is for subscribers only.

Avantor Inc., a chemical maker for the life-sciences industry, climbed 3.6% in its trading debut after raising $2.9 billion in the second-biggest initial public offering of the year.

Two smaller companies fared far better in their U.S. trading debuts Friday. Luckin Coffee Inc. closed up 20% after raising $561 million, while Fastly Inc. ended its first day of trading up 50% after its $180 million listing.