IPO Stock Watch: Biotech ProQR Rises In IPO Debut
Two biotech companies launched IPOs Thursday, just ahead of the blockbuster Alibaba Group (BABA) offering expected to price late Thursday. ProQR Therapeutics (PRQR), a biotech that is developing therapies for cystic fibrosis, raised $98 million by offering 7.5 million shares, up from 6.3 million originally planned. The stock priced at 13, the high end of its range. ProQR stock was trading at 17.23, up 33%, in midday trading on the stock market