Deals
Medical Scrubs Maker Figs Jumps in Debut After Upsized IPO
- Shares were priced at $22 each, above its marketed range
- Figs operates direct-to-consumer model through website, app
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Figs Inc., a maker of apparel for health-care professionals, climbed in its trading debut after raising $581 million in an initial public offering.
Shares opened at $28.30 and went as high as $30.92 in trading in New York, climbing 41% above their IPO price. The stock was at $29.93 at 2:23 p.m., giving the company, which makes gear including medical scrubs and lab coats, a market valuation of about $4.8 billion.