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BioNTech Falls Short In Jittery IPO Market

Investors also readjust to firm's unproven pipeline

 
• By Andrew McConaghie

After ADC Therapeutics postponed its launch last week, BioNTech braves the markets but finds them less receptive than hoped.

Cautioin
Investors wary of jumping into public offerings • Source: Shutterstock

German biotech company BioNTech AG has raised $150m in its NASDAQ initial public offering, a much lower figure than it had hoped to generate.

This was around $100m less than its target, and reflects wider turbulence on the public markets

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