XBiotech (XBIT) IPO Opens Up 21%

Today's IPO for XBiotech Inc., (Nasdaq: XBIT) opened for trading at $23 after pricing 4,000,000 shares of its common stock at an initial public offering price of $19.00 per share.

WR Hambrecht + Co is acting as the sole underwriter for the offering.

XBiotech is a leading developer of next-generation therapeutic antibodies. The Company is also innovating with manufacturing technology and clinical strategies to lessen capital requirements and reduce lead times for drug development.

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