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Stock impact report

UPDATE 1-CureVac aims to raise up to $245 mln in U.S. IPO [Reuters]

GSK plc American Depositary Shares (Each representing two Ordinary Shares) (GSK) 
US:NYSE Investor Relations: gsk.com/en-gb/investors
Company Research Source: Reuters
UPDATE 1-CureVac aims to raise up to $245 mln in U.S. IPO (Adds supporting banks, use of proceeds, background) FRANKFURT, Aug 10 (Reuters) - CureVac, one of Germany’s leading contenders to develop a COVID-19 vaccine, said it aims to raise up to $245 million in an initial public stock offering (IPO) on the U.S. Nasdaq. The biotech firm said on Monday it plans to offer a total of up to 15.33 million new shares, adding the shares will likely be priced at between $14.00 and $16.00 apiece. Bank of America, Jefferies and Credit Suisse are acting as joint book-runners, with Berenberg and Kempen & Co acting as passive book-running managers, it added. The proceeds will fund the development of an mRNA-based COVID-19 vaccine, the ramp-up of manufacturing capabilities, its oncology drug development and the development of a rabies vaccine, among other ventures, according to the statement. The group, which is controlled by Software firm SAP co-founder Dietmar Hopp and also backed by the foundation Show less Read more
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