The Saudi Aramco and Schlumberger-backed chemical analysis device makers shares have nearly tripled in price since it went public on Friday.
US-based mass spectrometer producer 908 Devices floated on Friday in a $130m initial public offering representing an exit for petroleum provider Saudi Aramco and oilfield services provider Schlumberger.
The company priced 6.5 million shares at $20.00 each, above the IPO’s $18 to $19 range. Its shares opened at $45.51 on the Nasdaq Global Market and were priced at $54.88 for pre-trading this morning, giving it a market capitalisation of almost $1.44bn.
908 Devices manufactures handheld and desktop systems that…
