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I-Mab Completes $104 Million NASDAQ IPO to Develop Biologics Portfolio

publication date: Jan 17, 2020

I-Mab, a Shanghai biotech, raised $104 million in its IPO on the NASDAQ exchange to support its portfolio of more than ten biologic products. I-Mab was founded in 2016 by C-Bridge Capital and Tasly Pharma, which merged two China companies, Third Venture Biotech and Tasgen Bio, and invested $150 million in newly formed I-Mab. The offering was priced at $14 per ADS, the middle of the expected range, but the price has moved 10% lower to $12.58 in initial trading. More details....

Stock Symbol: (NSDQ: IMAB)

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