Olink Holding AB: Surges in U.S. market debut

Olink Holding AB (publ)

25/03/2021 18:25

** American depositary shares of Olink Holding AB (publ)
 OLK.O  surge more than 50% in their U.S. stock market debut 
    ** OLK opened at $30.10, well above its IPO price of $20/ADS
    ** Co offered around 13.2 mln ADS in its IPO, while selling
shareholders offered about 4.4 mln ADS 
    ** Gross proceeds from the offering to OLK were about $264.7
mln
    ** Olink is a Uppsala, Sweden-based company that is engaged
in the marketing and sales of biotechnological products and
services
    ** Goldman Sachs and Morgan Stanley were the lead
book-running managers for the offering

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