UPDATE: IO Biotech (IOBT) IPO Opens 14% Higher

Today's IPO for IO Biotech, Inc. (Nasdaq: IOBT) opened for trading at $16 after pricing 7,150,000 shares of its common stock at a public offering price of $14.00 per share.

Morgan Stanley, Jefferies and Cowen are acting as joint lead book-running managers for the offering. Kempen & Co is acting as lead co-manager for the offering.

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