Opthea (OPT) IPO Opens 15% Lower

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

October 16, 2020 11:44 AM EDT

(Updated - October 16, 2020 11:45 AM EDT)

Opthea Limited (NASDAQ: OPT) today announces the pricing of its initial public offering in the United States (the Offering) of 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, before underwriting... More