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Thursday, July 18, 2019

Genmab prices IPO at $17.75

Genmab (OTCPK:GNMSFprices its IPO of 28.5M (from 27.8M) American Depositary Shares (ADSs) at $17.75 per ADS, each representing 1/10 of an ordinary share.
Underwriters over-allotment is an additional ~4.3M ADSs.
Trading commences July 18.
The ticker will change to “GMAB” when the ordinary shares underlying the ADSs start trading in Copenhagen, expected to be July 23.

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