Interesting broken IPO Huge Insider buy--- They just said F it!
Lastly, Rain Therapeutics (RAIN) stock jumped nearly 41% before dropping below its IPO price. Shares opened at $22.10, hit a high of $23.90 and then dropped, closing at $15.80, off roughly 7% from its $17 offer price. This makes Rain a broken deal.
The company sold 7,352,941 shares at $17, the midpoint of its $16-to-$18 price range.
Lastly, Rain Therapeutics (RAIN) stock jumped nearly 41% before dropping below its IPO price. Shares opened at $22.10, hit a high of $23.90 and then dropped, closing at $15.80, off roughly 7% from its $17 offer price. This makes Rain a broken deal.
The company sold 7,352,941 shares at $17, the midpoint of its $16-to-$18 price range.

