Open crack in European IPO window

GPC Biotech (Martinsried, Germany) slipped through a crack in the supposedly closed European IPO window, and M&E Biotech (Horsholm, Denmark) followed close on its heels. GPC scooped up EUR103.2 million ($96.1 million) through the sale of 4.3 million shares at EUR24 ($22.358) per share on the Neuer Markt. The lead managers for the genomics and drug discovery company were CS First Boston; Robertson Stephens; SG Cowen; and Sal. Oppenheim. GPC Biotech was up EUR0.52 ($0.484) to EUR24.52 ($22.843) on Wednesday. ...