DBV Technologies launches ADSs

American Depository Receipts for DBV Technologies S.A. (NASDAQ:DBVT; Euronext:DBV) added $1.26 to $22.90 on NASDAQ Wednesday after the allergy company sold 4.3 million ADSs at $21.64 each in a follow-on that, combined with a private placement outside the U.S. and Canada, will raise about $115.8 million.

The company is selling an additional 534,728 ordinary shares at EUR 34 in the private placement. Each ADS represents one-half of an ordinary share. ...