BioCentury
ARTICLE | Financial News

Poxel raises EUR 26.8M in IPO, private placement

February 7, 2015 2:08 AM UTC

Poxel S.A. (Euronext:POXEL) gained EUR 0.53 to EUR 7.19 on Friday -- its first trading day after raising EUR 26.8 million ($30.4 million) in an IPO and concurrent private placement.

Poxel raised EUR 3.6 million ($4.1 million) in its IPO on Euronext through the sale of 536,551 shares at EUR 6.66. The price values the Merck Serono S.A. spinout at EUR 115.5 million ($130.8 million) (see BioCentury, July 12, 2010). ...