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PFE Pfizer Inc

27.86
0.16 (0.58%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Pfizer Inc NYSE:PFE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.16 0.58% 27.86 27.905 27.52 27.86 60,567,753 00:59:06

BioNTech SE Sees IPO Range of $18-$20/ADS

24/09/2019 12:10pm

Dow Jones News


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By Chris Wack

 

BioNTech SE said in a filing Tuesday it is planning on selling American Depositary Shares in its initial public offering for an expected $18 to $20 an ADS.

The Germany-based oncology treatment company said it would sell 13.2 million ADSs, while granting the underwriters the option of buying 1.98 million ADSs. BioNTech said to date it has raised $1.3 billion of capital in private placements and from its collaborators, which include Genentech, Sanofi, Genmab, Genevant Sciences, Eli Lilly, Bayer AG and Pfizer.

For the first six months of 2019, BioNTech said it had revenue from contracts with customers of 51.9 million euros, compared to EUR43.4 million in the same period a year earlier. The company reported a loss for the first half of 2019 of EUR90.7 million, compared to 2018's loss of EUR23.3 million.

BioNTech said it plans on listing its ADSs on the Nasdaq under the symbol BNTX.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

September 24, 2019 06:55 ET (10:55 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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