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Jun 22 2020, 07:20 IST/BST
Malin Corporation
Poseida files for IPO of up to $115m
- Sectors : Pharma and healthcare
- Companies : Malin Corporation
DAVY VIEW
With Poseida filing for IPO on NASDAQ, Malin is one step closer to crystallising value in this key priority asset. The IPO could become effective mid-late July. Recent IPO activity suggests that Poseida could list at a premium to its current implied valuation of c.$540m (at December 31st 2019), supported by progress made to date by the company and several potential clinical milestones over the coming months.
