Big bucks for peanuts

October 22, 2014 10:04 AM

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Big bucks for peanuts

21.10.2014 - Yet another European company is looking for money on the US stock exchange – French DBV Technologies SA is all set up for its secondary listing on NASDAQ. The French biotech company hopes to rake in US$98m for its peanut allergy patches.

The Bagneux-based food allergy specialist is currently listed on Euronext Paris, where it first went public in 2012. DBV intends to offer 4.3 million ADRs (American Depository Receipts) at US$23 per ADR – with two depository shares representing each ordinary share – to help finance its Phase IIb cli...

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