Skip to main content

Advertisement

Advertisement

World

Coronavirus vaccine developer CureVac raises US$213 million in IPO: source

Coronavirus vaccine developer CureVac raises US$213 million in IPO: source

FILE PHOTO: An employee of German biopharmaceutical company CureVac, demonstrates research on a vaccine for the coronavirus (COVID-19) disease at a laboratory in Tuebingen, Germany, March 12, 2020. REUTERS/Andreas Gebert

NEW YORK: CureVac BV raised US$213 million in its initial public offering on Thursday, a person familiar with the matter said, setting the stage for the first stock market debut of a company developing a promising vaccine to combat the novel coronavirus.

The German biotechnology firm sold 13.33 million shares at US$16 apiece, the top end of its indicated price range, the source said, requesting anonymity ahead of an initial announcement. The company's shares are set to trade in New York on Friday.

CureVac did not immediately respond to a request for comment.

(Reporting by Rebecca Spalding and Echo Wang in New York; Editing by Himani Sarkar)

Source: Reuters

Advertisement

Also worth reading

Advertisement