ARK discloses $19M IAM buy as Nvidia-backed IPO extends rally 25% in session

 

• Iambic closed its Oct 15 Nasdaq debut at $18.91, up 18% from the $16 IPO price.
• ARKG bought 1.185 million IAM shares worth $19 million on debut day, disclosed overnight.
• Stock opened Friday at $19.31 and reached $23.69 by 11:01 ET on more than 1 million shares.
• Nvidia, ARK and Druckenmiller backing plus AI-drug theme supported continued buying interest.
• No company press release, new SEC filing or analyst note appeared after Thursday's close.
• The $150 million offering was scheduled to close on Oct 16.

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