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Evoke closes 2.2% below IPO on first day; Ophthotech gains 19.6%

This article was originally published in Scrip

Executive Summary

Evoke Pharma priced an initial public offering of 2.1m shares at $12 each to raise $25.2m, but the gastrointestinal disease specialist's stock closed down 2.2% at $11.74 per share at the end of its first trading day on 25 September while eye drug-focused Ophthotech's stock closed 19.6% above its $22 IPO value at $26.30.



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