THE IPO WIRE
ADARx Pharmaceuticals, Inc.ADRX · Nasdaq

ADARx registers for a Nasdaq IPO behind a five-bank syndicate

ADARx Pharmaceuticals filed its S-1 to list on Nasdaq, with J.P. Morgan, Morgan Stanley, TD Cowen, UBS and LifeSci Capital running the books. Terms and deal size are still blank, so the price range in the next amendment is the first real read on demand.

Source: SEC filing
NFLXNetflix
After-hours
$78.25
-4.75%open $82.15

Netflix is down 4.75% to $78.25 in after-hours trade, a rare single-session drop for a $325.8 billion name. Whether the $82.15 open gets reclaimed tomorrow is the level to watch.

Biggest movers · At the close
  • GPROGoPro$1.73+24.1%
  • SNDKSanDisk$1,735.55+11.6%
  • ALABAstera Labs$311.74+10.2%
  • SKHYSK hynix Inc.$177.22+8.3%
  • IRENIren$44.65+7.2%
  • ASANAsana$8.9-11.8%
  • TSLATesla$354.48-5.8%
  • WDAYWorkday$195.78-5.4%
  • NFLXNetflix$78.31-5.3%
  • SNOWSnowflake$337.85-5.2%

Thursday's close split hard along hardware versus software: GoPro added 24.1% and SanDisk, Astera Labs and SK hynix all posted double-digit or near double-digit gains, while Asana, Workday and Snowflake each shed more than 5%. Tesla and Netflix fell with them.

CLOSING BELL
U.S. Markets
  • S&P 500-0.38%
  • Dow Jones Industrial Average-0.58%
  • Nasdaq Composite-0.37%

The Dow did the heavy lifting on the downside, dropping 310 points as the S&P 500 and Nasdaq eased. Old-economy names carried the selling into the close.

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