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Hot blooded: Global Blood Therapeutics prices IPO above the range at $20

August 11, 2015
GBT

Global Blood Therapeutics, an early-stage biotech developing a small molecule therapy for sickle cell disease, raised $120 million by offering 6.0 million shares at $20, above the range of $16 to $18. Global Blood Therapeutics plans to list on the Nasdaq under the symbol GBT. Morgan Stanley and Goldman Sachs acted as lead managers on the deal.