BioCentury on BioBusiness,
HGSI makes a big splash
Monday, December 6, 1993
The hottest IPO of the year, Human Genome Sciences Inc., closed on Friday at $23.25,
almost double its $12 IPO price, after trading as high as $27.75 in its second day of
The deal was sold almost exclusively to institutional investors, and the stock's
continued rise was apparently due to heavy demand, as none of the investors got large
positions in the offering.
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