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BioInvent International nets $25.5mm with IPO in Sweden

Executive Summary

BioInvent International (antibody technology) floated its IPO on the Stockholm Exchange and grossed $25.5mm (SEK261.6mm) in a 2.5 oversubscribed offering of 4.5mm common shares at $5.70 (SEK62) each. When it filed in May, the company was looking to raise between $26mm (SEK270mm) and $33mm (SEK338mm).
Deal Industry
  • Pharmaceuticals
  • Research, Analytical Equipment & Supplies
  • Biotechnology
    • Large Molecule
      • Antibodies
    • Drug Discovery Tools
      • Genomics-Proteomics
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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