ARTICLE | Finance
The $100M club
PTC, bluebird join growing list of biotech IPOs breaching $100M
June 24, 2013 7:00 AM UTC
Duchenne muscular dystrophy company PTC Therapeutics Inc. (NASDAQ:PTCT) and gene therapy play bluebird bio Inc. (NASDAQ:BLUE) last week became the third and fourth biotechs this year to raise more than $100 million in IPOs, putting the total raised by the 20 companies that have gone public at about $1.2 billion.
PTC raised $125.6 million through the sale of 8.4 million shares at $15, which values the company at $335.2 million. PTC had proposed to sell 6.9 million shares at $13-$16...