CG Oncology, a biotech firm, sees a 96% surge in its debut following an enlarged IPO (Health & Beauty - Health Services)
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Item ID 3048542 in Category: Health & Beauty - Health Services
CG Oncology, a biotech firm, sees a 96% surge in its debut following an enlarged IPO | |
This past week saw the pricing of seven Initial Public Offerings (IPOs), with three of them raising more than $100 million each, marking a significant week for the stock market. CG Oncology (CGON) stood out among the companies that went public. After revising the terms of its offering earlier in the week, CGON further upsized its offering and priced it above the initial range. This move allowed the company to raise a substantial $380 million, resulting in a market capitalization of $1.3 billion. CGON’s sole clinical asset, a treatment initially developed for a specific type of bladder cancer, is currently undergoing a Phase 3 trial. The company expects to have topline data from this trial by the end of 2024. If the trial proves successful, CGON believes it could form the basis for a Biologics License Application (BLA) submission. Investors responded positively to CGON’s IPO, with the company’s stock price surging 96% on its first day of trading and ending the week up 84%. For more details please visit our website - https://www.medhealthinsight.com/new-soundboard-review-pricing-is-not-always-the-only-criteria-2-4/  | |
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| Target State: New York Target City : New York City Last Update : Aug 08, 2025 2:41 AM Number of Views: 37 | Item Owner : medhealthinsight Contact Email: (None) Contact Phone: (None) |
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2025-08-12 (0.467 sec)