Rani Therapeutics Announces Pricing of Initial Public Offering

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Rani Therapeutics (RANI) IPO Opens Modestly Higher After Weak Pricing

July 30, 2021 12:08 PM EDT

Today's IPO for Rani Therapeutics Holdings, Inc. (NASDAQ: RANI) opened for trading at $11.26 after pricing 6,666,667 shares of Class A common stock at a price to the public of $11.00 per share, below the expected $14-$16 range.

BofA Securities, Stifel, Cantor Fitzgerald and Canaccord... More