ARTICLE | Financial News

MediWound raises $70 million in IPO

March 20, 2014 11:58 PM UTC

Israeli biotech MediWound Ltd. (NASDAQ:MDWD) raised $70 million in an IPO through the sale of 5 million shares at $14. The price -- at the low end of the company's proposed $14-$16 range -- values MediWound at $280.2 million. Credit Suisse; Jefferies; BMO Capital Markets; and Oppenheimer are underwriters. MediWound was up $3.27 (23%) to $17.27 on its first day of trading Thursday. ...