Therapeutic Antibodies Achieves First-Ever Stock Exchange Listing
Therapeutic Antibodies, a US-based biopharmaceutical company, has announced the placing of 4,190,477 new shares in the company at 525p ($8.14) per share. At this placing price - its first listing on the London Stock Exchange - the company is valued at L112 million ($173.7 million), effective July 23. However, this is considerably less than the L150 million anticipated when the listing was first announced (Marketletter June 10).
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