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European IPO Window Creaks Open; Movetis Brings in €85M

By Cormac Sheridan

Wednesday, December 9, 2009

Shares in Movetis NV edged up slightly on their first day of trading on the NYSE Euronext Exchange in Brussels Friday, following an IPO that raised gross proceeds of €85 million (US$126 million). The company priced the offering of 6,938,776 new shares at €12.25, slightly below the mid-point of the indicative range of €11.25 to €14.25 it published at the outset of the book-building period. (BioWorld International)


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