Adagio Therapeutics’ upsized IPO prices in middle of range, valued company at more than $1.8 billion – MarketWatch

Home » News, Insights & Trends » IPO News » Adagio Therapeutics’ upsized IPO prices in middle of range, valued company at more than $1.8 billion – MarketWatch

Adagio Therapeutics Inc.
ADGI,
+26.24%
is set to go public Friday, after the upsized initial public offering of the Massachusetts-based biopharmaceutical company focused on antibody-based solutions for infectious diseases priced overnight at $17 a share, in the middle of the expected range. The company raised $309.4 million as it sold 18.2 million shares, up from expectations it would sell 17.7 million shares. At the IPO price the company was valued at $1.84 billion. The company is going public at a time of strong investor interest in IPOs, as the Renaissance IPO ETF
IPO,
-1.42%
has soared 16.4% over the past three months while the S&P 500
SPX,
+0.21%
…

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