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Paion prices IPO

February 11, 2005 8:00 AM UTC

Stroke company Paion (FSE:PA8) raised EUR 40 million ($51.5 million) in an IPO through the sale of 5 million shares at EUR 8, giving it a post-money valuation of EUR 120.3 million ($154.9 million). The deal was underwritten by UBS; Dresdner Kleinwort Wasserstein; and Landesbank Baden-Wuerttemberg. ...