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AbCellera Biologics Inc. completed its initial public offering and its shares are now available on the Nasdaq under "ABCL." Vancouver-based AbCellera is an AI-powered drug discovery company working with Eli Lilly & Co. on a COVID-19 vaccine.
AbCellera Biologics completed its initial public offering. The company raised $483 million in the deal, offering 24.15 million shares at $20 per share. AbCellera originally set its price range at between $14 and $17 per share.
Credit Suisse, Stifel, Berenberg, SVG Leerink and BMO Capital Markets were the underwriters.
AbCellera Biologics is now listed on the Nasdaq under "ABCL."
AbCellera's stock opened Friday at $61.Before you can invest in AbCellera Biologics, you'll need to open a brokerage account.
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It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like AbCellera Biologics can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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