CureVac shares surge 175% in vaccine developer’s Nasdaq debut [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
CureVac shares surge 175% in vaccine developer’s Nasdaq debut The logo of the biopharmaceutical company CureVac is seen in front of the company's headquarters in Tuebingen, Germany on June 23, 2020. THOMAS KIENZLE/AFP/Getty Images The logo of the biopharmaceutical company CureVac is seen in front of the company's headquarters in Tuebingen, Germany on June 23, 2020. Shares of German biotechnology firm CureVac BV nearly tripled in their Nasdaq debut on Friday, marking the first stock market debut of a company developing a potential vaccine to combat the novel coronavirus. The stock opened at $44 per share, up from the initial public offering (IPO) price of $16 per share. CureVac, backed by Microsoft Corp founder and billionaire Bill Gates, sold 13.33 million shares at $16 apiece, the top end of its indicated price range of between $14 and $16 per share. The company, which started an early-stage coronavirus trial in healthy volunteers in June with results expected in the final quarter
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