BioCentury
ARTICLE | Financial News

AbClon continues to rise after IPO

September 19, 2017 7:21 PM UTC

Korean biotech AbClon Inc. (KOSDAQ:174900) gained W4,050 (16%) to W30,050 in its second day of trading Tuesday. The closing price values the company at W204.4 billion ($183.9 million).

On its first day of trading Monday, the biotech opened at W20,000, and soared W16,000 (160%) to W26,000 after raising W6.8 billion ($6.1 million) through the sale of 680,741 shares at W10,000 in an IPO...