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Forward Pharma, the largest biotech IPO this year, tanked on its first day of trading. Denmark-based Forward Pharma (FWP) raised $221 million by pricing 10.5 million shares at 21, the midpoint of its 20-22 range. The stock was trading near 17.50, down 16% from its IPO price, in afternoon on the stock market today, an unlucky day for an IPO with the market crashing on heightened economic worries. Two other initial public offerings began trading Scalper1 News
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