ARTICLE | Finance

Smaller-Still Big

Zealand lowers target; still could be Europe's biggest biotech IPO in 2010

November 22, 2010 8:00 AM UTC

Zealand Pharma A/S was slated to start trading last Friday; instead the company lowered the amount it plans to raise in its IPO. The first day of trading is now set for Nov. 23.

The biotech hopes to raise up to DKK447.5 million ($81.8 million), down from the about DKK671.3 million ($125.8 million) it had targeted earlier this month (see BioCentury, Nov. 8)...