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Ambit IPO Ambles Out; Portola And Bluebird Prepare

This article was originally published in The Pink Sheet Daily

Executive Summary

Despite pricing well below its range and trading down, Ambit could raise $90 million in an IPO and a private placement with existing investors. Also this week, gene therapy company bluebird bio filed for an IPO, and hematology play Portola made the rounds on its investor road show.

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