UPDATE: Opthea Limited (OPT) Prices 8.563M ADS IPO at $13.50/ADS

Go back to UPDATE: Opthea Limited (OPT) Prices 8.563M ADS IPO at $13.50/ADS

Opthea (OPT) IPO Opens 15% Lower

October 16, 2020 12:20 PM EDT

Today's IPO for Opthea Limited (NASDAQ: OPT) opened for trading at $11.50 after pricing 8,563,300 American Depositary Shares (ADS), representing 68,506,400 ordinary shares, at an initial public offering price of US$13.50 per ADS.

Citigroup and SVB Leerink are acting as joint book-running managers for the Offering.... More