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Friday, April 30, 2021

Vaccitech, startup behind Oxford COVID vax tech, falls 20% in Nasdaq debut

American depositary shares of Vaccitech, which co-invented the COVID-19 vaccine developed by AstraZeneca Plc and Oxford University, fell nearly 20% in their market debut on Friday, giving the biotech firm a market value of about $464 million.

The company’s shares opened at $13.62, below the initial public offering price of $17.

https://www.reuters.com/article/vaccitech-ipo/vaccitech-startup-behind-oxford-covid-19-vaccine-tech-falls-20-in-nasdaq-debut-idUSL4N2MN4F2

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