Passage Bio shares soar 19% in their trading debut despite massive market selloff [MarketWatch]
Passage Bio, Inc. (PASG)
Company Research
Source: MarketWatch
Passage Bio shares soar 19% in their trading debut despite massive market selloff Passage Bio Inc. shares PASG, +18.11% soared 19% in their trading debut Friday, after an initial public offering that priced at the top end of the $16 to $18 price range. Despite the turmoil in the market this week, the company upsized the deal to 12 million shares from 10 million, raising $216 million. Proceeds will be used to fund clinical development of therapies for rare, monogenic central nervous system disorders. "Our vision is to become the premier genetic medicines company by developing and ultimately commercializing therapies that dramatically and positively transform the lives of patients suffering from these life-threatening disorders," the company said in its IPO filing documents. The stock is trading on Nasdaq under the ticker symbol PASG. JPMorgan, Goldman Sachs and Cowen were lead managers on the deal. It was the only company brave enough to attempt to go public in the U.S. this week, i
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PASG
News
- Passage Bio, Inc. (NASDAQ: PASG) is now covered by analysts at Wedbush. They set an "outperform" rating and a $4.00 price target on the stock.MarketBeat
- The GenScript Biotech Global Forum Makes a Strong Debut in Europe, Highlighting Breakthroughs in Cell and Gene Therapy Development [Yahoo! Finance]Yahoo! Finance
- Passage Bio, Inc. (NASDAQ: PASG) had its "buy" rating re-affirmed by analysts at Chardan Capital. They now have a $7.00 price target on the stock.MarketBeat
- Passage Bio, Inc. (NASDAQ: PASG) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $13.00 price target on the stock.MarketBeat
- Passage Bio Achieves Milestones in Gene Therapy Trials [Yahoo! Finance]Yahoo! Finance
PASG
Earnings
- 11/13/24 - Miss
PASG
Sec Filings
- 12/11/24 - Form 4
- 12/6/24 - Form 4
- 12/4/24 - Form 144
- PASG's page on the SEC website