Decibel Therapeutics: Jumps in market debut

Decibel Therapeutics

12/02/2021 18:25

** Shares of Decibel Therapeutics Inc  DBTX.O  jumped 17.7%
to $21.2 after their market debut on Friday 
    ** At the opening price, co had market cap of $490.24 mln
    ** DBTX priced its shares at $18 apiece in the IPO
 urn:newsml:reuters.com:*:nGNX8zlS8S
    ** Co offered 7.06 mln shares in IPO, raising about $127.1
mln
    ** DBTX is a biotech firm that develops treatments to
restore and improve hearing and balance  
    ** Citigroup, SVB Leerink, BMO Capital Markets and Barclays
were the joint book-running managers for the offering 

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))