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Moderna to raise $618 million in upsized IPO, braving market jitters: sources


By Lance Tupper and Joshua Franklin(Reuters) - Moderna Inc is set to sell around $618 million in shares in its initial public offering (IPO) on Thursday, a person familiar with the matter said, braving stock market jitters to sell more stock than originally planned. In the biggest flotation of a biotechnology company since 2016, Moderna expected to sell roughly 26.86 million shares at $23 per share, the person said. Moderna had originally planned to sell 21.7 million shares for between $22 and $24 per share. Moderna, which is due to start trading on the Nasdaq on Friday under the ticker ...

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First Published: Fri, December 07 2018. 05:22 IST