Ark Therapeutics raises L55 million
UK-headquartered Ark Therapeutics has successfully completed its initial public offering in connection with a listing on the London Stock Exchange. The offer comprised 41,555.996 shares at 133 pence, raising approximately L55 million ($103.2 million) and giving the company a market capitalization of L168 million. This was the first biotechnology IPO on the main market in the UK in three years. Ark shares rose 5.5 pence to 138.5 pence in the first few minutes of trading on March 3.
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