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Israeli biotech D-Pharm completes IPO on TASE

Executive Summary

D-Pharm (small-molecule lipid analogs) has raised NIS85mm ($23mm) in a concurrent initial public offering on the Tel Aviv Stock Exchange, which was oversubscribed and brought in NIS28mm, and a rights offering of NIS57mm. Through both financings a total of 639k shares were sold for NIS133, 13% higher than the low end of the price range.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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