SiTime (SITM) finished its first week as a publicly-traded company higher, while Canaan (CAN) finished lower.

LATEST IPOS:

Canaan priced its IPO after the market close on Wednesday, November 20, at $9.00, at the low end of its $9.00-$11.00 range. On the morning of Thursday, November 21, Canaan opened at $12.60.

SiTime priced its IPO before the market open on Thursday, November 21, at $13.00, at the low end of its $13.00-$15.00 range. Later that morning, SiTime opened at $16.90.

Alpine Income Properties (PINE) priced its IPO after the market close on Thursday, November 21, at $19.00, at the low end of its $19.00-$21.00 range. On the morning of Friday, November 22, Canaan opened at $19.00.

PERFORMANCE:

• Canaan finished the week lower, closing at $8.98 per share, after opening on Thursday at $12.60.
• SiTime finished the week higher, closing at $18.05 per share, after opening on Thursday at $16.90.
• Alpine Income Properties finished the week flat, closing at $19.00 per share, after opening on Friday at $19.00.

POSTPONED IPOS:

YX Asset Recovery (YXR), which was set to price its IPO on Tuesday, November 19, postponed its IPO.

"Opening Day" is The Fly's recurring series of stories on the latest initial public offerings, their performance, analyst commentary and upcoming IPOs.