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CNTB - Connect Biopharma Holdings News Story

$22.1 0.1  0.5%

Last Trade - 28/07/21

Sector
Healthcare
Size
Mid Cap
Market Cap £884.3m
Enterprise Value £1.11bn
Revenue £n/a
Position in Universe 2686th / 7000

BUZZ-Connect Biopharma Holdings: Jumps 15% in Nasdaq debut

Fri 19th March, 2021 2:47pm
** American Depositary Shares (ADSs) of Chinese biopharma co
 CNTB.O  open up 15% at $19.55 in their Nasdaq debut vs. IPO
price of $17 
    ** CNTB, which focuses on treatment of inflammatory
diseases, was valued at $1.05 bln at the debut price
    ** On Thursday, co upsized its offering to 11.25 mln ADSs at
$17 each, raising $191.25 mln  urn:newsml:reuters.com:*:nGNX2dtm7w
    ** CNTB had earlier aimed to sell 9.375 mln ADSs at a price
range of $15 to $17 each
    ** Jefferies, SVB Leerink and Piper Sandler were among the
underwriters for the offering

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))
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