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Argenx nets $531.8mm through concurrent global public ADS offering/European private placement

Executive Summary

Euronext Brussels- and Nasdaq-traded argenx SE (antibody-based therapies for severe autoimmune diseases and cancer) completed the simultaneous global sale (in countries outside Europe) of American Depositary Shares (ADSs) and a European private placement; together constituting a single offering. In the global public sale, argenx sold 2mm ADSs (including the overallotment) at $121, netting $232.4mm. (Each ADS is equivalent to one ordinary share.) The European private placement netted $299.4mm and consisted of 2.6mm ordinary shares at €109.18 ($121) apiece.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
    • Large Molecule
      • Antibodies
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Investment in Public Equity
    • FOPO

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