Wind behind Y-mAbs back after $96 million Nasdaq listing
After raising a bumper $96 million through its Nasdaq listing last week, Y-mAbs Therapeutics (Nasdaq: YMAB) continued to gain value in its first day of trading, rising 50% to $24 per share.
The offering price valued the antibody-based oncology startup at just over half a billion dollars.
Y-mAbs is a Denmark-founded biotech formed in 2015 by former senior managers at Genmab (OMX: GEN), with headquarters in New York.
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