Grail declines comment on change in IPO plans

Grail Inc. (Menlo Park, Calif.) declined to comment on a Dec. 4 Bloomberg report that said the company is potentially backing away from plans to list on the Hong Kong stock exchange in favor of a U.S. listing as early as 2019.

“Grail is definitely a company that has a choice. They have a big presence in both regions, so both places as a venue would be appropriate,” said Loncar Fund’s Brad Loncar, who is not a Grail shareholder...