The Nikon and Varian-backed cell biology technology developer floated in a $178m offering and its shares almost tripled in price on their first day of trading.
Berkeley Lights, a US-based digital cell technology provider backed by imaging technology producer Nikon and medical device maker Varian Medical Systems, raised over $178m in its initial public offering on Friday.
The company increased the number of shares in the offering from 7.4 million to 8.1 million and priced them at $22.00 each, well above the $16 to $18 range it had set. Its shares opened at $51.05 on the Nasdaq Global Select Market and closed at $65.45 giving…
