ARTICLE | Financial News

TWi raises $111.5 million in Taiwanese IPO

December 5, 2013 1:55 AM UTC

TWi Pharmaceuticals Holding Inc. (GreTai:4180) raised NT$3.3 billion ($111.5 million) through the sale of 13.3 million shares at NT$248 in an IPO in Taiwan -- the largest IPO for a pharma or biotech in the country, according to the company. The price values TWi at NT$27.9 billion ($943.8 million). In its first day of trading on Tuesday, the company was up NT$82 to NT$330. On Wednesday, TWi was unchanged at NT$330 (see BioCentury Extra, Dec.3 ). ...