shares of hempacco co inc hpco blasted out of the gate tuesday as they opened more than 6 times the initial public offering price the san diegobased maker of herb spice and cannabinoid smokeables and rolling paper said before the open that it raised 6 million as its one millionshare ipo priced at 6 a share the first trade on the nasdaq exchange was at 3800 or 5333 above the ipo price the stock was last up 4700 at 3420 to make it the biggest gainer among those listed on major us exchanges the lone underwriter of the ipo was boustead securities llc the company recorded a loss of 96000 on revenue of 188 million during the second quarter compared with a loss of 494961 on revenue of 348521 in the yearago period the company has gone public at a time that the renaissance ipo etf ipo has gained 05 over the past three months while the sp 500 spx has slipped 44