The precision cancer therapy developer, which counts Sanofi as a significant shareholder, floated at the top of an upsized range and saw its price continue to rise post-IPO.
US-based cancer therapy developer Revolution Medicines raised $238m yesterday in an initial public offering on the Nasdaq Global Market that scored an exit for pharmaceutical company Sanofi.
The company priced its shares at the top of a $15 to $17 range that had been upsized from the IPO’s original $14 to $16 range, set last week, increasing the number of shares in the offering from 10 million to 14 million at the same time.
The shares rose 70%…
