Twist Bioscience’s (NASDAQ:TWST) quiet period will expire on Monday, December 10th. Twist Bioscience had issued 5,000,000 shares in its IPO on October 31st. The total size of the offering was $70,000,000 based on an initial share price of $14.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
TWST has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Twist Bioscience in a research report on Monday, November 26th. They set a “neutral” rating and a $27.00 target price for the company. Cowen initiated coverage on shares of Twist Bioscience in a research report on Monday, November 26th. They set an “outperform” rating for the company. Finally, Robert W. Baird initiated coverage on shares of Twist Bioscience in a research report on Monday, November 26th. They set an “outperform” rating for the company.
Shares of Twist Bioscience stock opened at $29.85 on Wednesday. Twist Bioscience has a 52 week low of $12.38 and a 52 week high of $33.72.
About Twist Bioscience
Twist Bioscience Corporation, a synthetic biology company, manufactures and sells synthetic DNA-based products. The company's DNA synthesis platform enables the manufacturing of synthetic DNA by writing DNA on a silicon chip. It offers synthetic DNA-based products, including synthetic genes, tools for sample preparation, antibody libraries for drug discovery and development, and DNA as a digital data storage medium.
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