GoodRx closes up 53% in market debut

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GoodRx closes up 53% in market debut.

, a company that finds users prescription drugs at a discount, closed up 53% in its public debut Wednesday on the Nasdaq.

The stock closed at $50.50 per share, up from its IPO price of $33 per share, boosting its market cap to about $19.4 billion. Shares trade under the symbol "GDRX" on the NASDAQ.veteran Doug Hirsch and software entrepreneur Trevor Bezdek, GoodRx offers users a free list of discount cards and coupons to cut down costs of their prescription medication. The company collects fees from the pharmacy benefits managers it works with.

 

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