Business · Companies · 1 hr ago

Swiss Biotech Windward Raises About $225 Million in US IPO

Swiss Biotech Windward Raises About $225 Million in US IPO

Swiss biotech Windward Bio Group AG raised about $225 million through a US initial public offering and a private placement.

An initial public offering, or IPO, is a sale of a company’s shares to public investors.

Windward’s IPO was priced at the midpoint of the range it had marketed.

The fundraising also included a private placement, a separate share sale.

The details given do not say how the company plans to use the money.

No next steps were specified.

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