FatPipe Stock Rips 126% On Nasdaq Debut Before Paring Some Gains After-Hours

FatPipe Inc. (NASDAQ:FATN) shares skyrocketed 126.08% to $13.00 from their initial public offering price of $5.75 per share during their Nasdaq debut, before sliding 20.77% to $10.30 in after-hours trading.

What Happened: The SD-WAN solutions provider completed its initial public offering on April 9, 2025, raising $4 million by offering 695,656 shares of common stock, according to a company press release. D. Boral Capital LLC served as the sole book-running manager for the offering.

FatPipe, a pioneer in enterprise-class secure software-defined wide area network solutions, caters to enterprises, ...

https://www.benzinga.com/news/ipos/25/04/44704651/fatpipe-stock-rips-126-on-nasdaq-debut-before-paring-some-gains-after-hours