New York (CNN Business) Doctors and nurses aren't likely to be strutting down runways in Milan or New York in their scrubs. But if they did appear in fashion shows, they'd likely wear outfits designed by FIGS, the trendy health care apparel company that went public Thursday. Shares of FIGS surged more than 35% from their initial public offering price of $22 in their market debut. In another sign of how strong demand was, FIGS priced its IPO above its expected range and sold more shares than planned. FIGS is also making history as the first IPO that allowed Robinhood customers to get the stock at the IPO price as opposed to waiting to buy if after it began trading.

Source: CNN May 27, 2021 17:19 UTC