Nasdaq IPO: Curevac takes 213 million dollars

The tübingen-based Biotech company Curevac taken according to a press release by the IPO on the American Nasdaq stock exchange in 213 million dollars. 13,33 mil

Nasdaq IPO: Curevac takes 213 million dollars

The tübingen-based Biotech company Curevac taken according to a press release by the IPO on the American Nasdaq stock exchange in 213 million dollars. 13,33 million shares were issued to the $ 16, i.e. the top end of the price range. The company confirmed with its communications information from financial circles. The trading will start on Friday.

Curevac wants to Fund with the money, especially the development of the Corona vaccine candidates until the completion of the pivotal clinical Phase 3 study and the extension of its production capacities. From the proceeds, around 150
estimated million dollars (130 million euros). With a further 50 million dollars, will be expanded according to the stock exchange prospectus, the short-term production capacity. The main investor of Curevac,
SAP co-founder Dietmar Hopp, will be retained after the IPO, the control.

Curevac is in the search for a vaccine against Sars-CoV-2 one of several hopefuls in the world – and not the only one who takes fresh money in the stock market. On Thursday, the
was already launched in Hong Kong-listed shares of the Chinese company Cansino in addition, in Shanghai, and the price doubled at times.

NASDAQ COMP. -- -- (--) NASDAQ INDICES 1T 1W 3M 1J 3J 5J For detail view

the introduction of The IPO of Curevac on the Nasdaq stock exchange should be around $ 245 million. This can still work, because in addition to the previously issued shares of the company at a price that gives subscribers a 30-day Option to purchase up to 1.999.999 additional ordinary shares to public offering, net of drawing discounts and commissions.

Hopp wants to buy shares for $ 100 million. After the share placement Hopps company Dievini, which was previously the majority owner has to keep, nearly 50 percent of the shares. The state-owned promotional Bank, KfW is still to just under 17 percent, and the pharmaceutical company GlaxoSmithKline on a good 8 per cent.

In a recently completed round of financing had collected Curevac is already around 560 million euros from investors. Including
the Federal government, which had announced in June the start of the KfW for a 300 million euros. The aim was therefore to prevent in the race for a Corona vaccine is a possible Takeover from abroad
. According to information from the Federal government, the Initiative from the companies. Than other investors about the Fund
of Qatar and GlaxoSmithKline came into being. The British company is one of the leading vaccine companies in Europe.


Updated Date: 14 August 2020, 08:20

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