XBiotech raises $76M in IPO

XBiotech Inc. (NASDAQ:XBIT) gained $4.25 (22%) to $23.25 in its first day of trading Wednesday after raising $76 million in an IPO through the sale of 4 million shares at $19. The price, which was the middle of the company's proposed range, valued XBiotech at $602.6 million. WR Hambrecht was the underwriter. ...