The latest two companies to make their trading debut this week were enjoying initial stock gains Thursday. Apellis Pharmaceuticals Inc. , a clinical-stage biotech, was trading up 1.4% after pricing at the midpoint of their range. The company sold 10.7 million shares to raise about $150 million. Apellis shares are trading on Nasdaq under the ticker symbol “APLS”. Separately, Chinese search engine Sogou Inc. saw its shares gain 5% in early trade. The company priced its IPO at $13 a share, the top end of its $11 to $13 range. The company sold 45 million shares to raise $585 million. Shares are listed on the New York Stock Exchange under the ticker symbol “SOGO”. The S&P 500 was last down 0.5%.
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