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Friday / January 24.

SoftBank-backed Vir Biotechnology raises $143 million in U.S. IPO


NEW YORK (Reuters) – Vir Biotechnology VIR.O priced its initial public offering (IPO) at $20 a share on Thursday, at the bottom end of expectations, a fresh blow for SoftBank Group Corp’s (9984.T) Vision Fund, owner of 21% in the infectious disease researcher.

San Francisco-based Vir raised $142.9 million having previously set a price range of $20-$22 per share. The IPO valued Vir at $2.2 billion.

Reporting by Joshua Franklin in New York; Editing by Tom Hogue



via Reuters