Arcutis shares soar after $160 million IPO

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By Staff Report / Monday, February 3rd, 2020 / Comments Off on Arcutis shares soar after $160 million IPO

Shares of the Tri-Counties’ newest public company, Arcutis Biotherapeutics, surged 15 percent in the first day of trading after its public debut, following a larger-than-expected IPO that raised nearly $160 million. The Westlake Village biotech company sold some 9.4 million shares of stock, slightly more than it outlined in its registration statement, at $17 each,…

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