UC Berkeley-linked cell biology technology developer Berkeley Lights floated in a $178m offering and its shares almost tripled in price on their first day of trading.
Berkeley Lights, a US-based digital cell technology provider based on research at University of California, Berkeley, raised over $178m in its initial public offering on Friday.
The company increased the number of shares in the offering from 7.4 million to 8.1 million and priced them at $22.00 each, well above the $16 to $18 range it had set. Its shares opened at $51.05 on the Nasdaq Global Select Market and closed at $65.45 giving it a market cap…
