For the second time this year, a Jacksonville area company soared higher after its initial public offering hit the market.
Treace Medical Concepts Inc. rose $8.53 to $25.53 on its first day of trading April 23, after its IPO of 11.25 million shares was priced at $17. It kept rising this week and reached a high of $34.47 April 27.
That follows Dream Finders Homes Inc.’s IPO of 9.6 million shares at $13 each, which jumped $7.95 to $20.95 on its first trading day Jan. 21 and eventually peaked at $31.98.
Dream Finders already had a high profile in Northeast Florida before going public, with marketing initiatives including a partnership with the Jacksonville Jaguars.