ADARx's IPO Haul Grows To $535M With AbbVie In
AbbVie's concurrent $89 million private placement pushed ADARx's total fresh capital from its $446M priced IPO to $535.3 million, with the pharma giant taking a stake alongside the public listing.
Is this your company? Get featured or correct your listing →
AbbVie's concurrent $89 million private placement pushed ADARx's total fresh capital from its $446M priced IPO to $535.3 million, with the pharma giant taking a stake alongside the public listing.
ADARx Pharmaceuticals priced an upsized IPO at $17 per share, raising $446.3 million, with AbbVie separately buying up to 4.9% of the company in a concurrent private placement ahead of Thursday's Nasdaq debut.
ADARx Pharmaceuticals set terms for a $350 million Nasdaq IPO at $15-$17 a share targeting a $1.74 billion valuation, with AbbVie agreeing to buy a roughly 4.9% stake in a concurrent private placement.
AbbVie was founded in 2012 and is headquartered in North Chicago, Illinois, USA, according to Wikipedia.