IPO 'Avalanche' as five more biotechs price offerings
By Jennifer Boggs
Friday, August 1, 2014
A rush of biotechs entered the public market Thursday morning, led by a $102 million upsized initial public offering (IPO) by Avalanche Biotechnologies Inc., which priced at the high end of its previously raised range, selling 6 million shares at $17 apiece and receiving an enthusiastic welcome on Nasdaq.
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