BNC Mortgage Inc., a subprime lender, went public last week at $9.50 a share. The shares rose $2.125, or 22%, to $11.625 on Wednesday, its first day of trading. The stock edged up to $11.6875 on Thursday.

The company offered 3,173,196 shares of its common stock.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.