Abivax raises $236 million through Nasdaq IPO

25 October 2023

French biotech Abivax (Euronext: FR0012333284) has completed an initial public offering (IPO), listing on the Nasdaq global market with 20,325,500 new ordinary shares being issued.

The aggregate gross proceeds amounted to around 223 million euros ($236 million), with trading commencing on October 20.

Morgan Stanley and Leerink Partners acted as joint global coordinators for the offering, while LifeSci Capital acted as lead manager for the US offering.

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