ReWalk Robotics (RWLK) Gets 'Bubblicious'; Now Best Performing IPO of 2014
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It's official. Last Friday's IPO for ReWalk Robotics (NASDAQ: RWLK) is now the best performing IPO for 2014, surpassing GoPro (NASDAQ: GPRO), according to data at IPO Insider.
After pricing its 3,000,000 offering at $12 per share Friday, shares opened at $12, then zoomed up 113% $25.60. Today the stock is adding 50% to $38.40. The stock is now up 220% from its $12 pricing, surpassing GoPro's 191% move.
Needless to say, some are calling it a "bubble."
ReWalk Robotics Ltd. (formerly Argo Medical Technologies Ltd.) develops, manufactures and markets wearable robotic exoskeletons for individuals with spinal cord injury. ReWalk's mission is to fundamentally change the health and life experiences of individuals with spinal cord injury.
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