Caris Life Sciences Shares Climb After $494 Million IPO
By and Anthony Hughes
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Caris Life Sciences Inc. jumped as much as 40% after the health-care company raised $494 million in a US initial public offering that priced above the top of its marketed range.
Shares of the Sixth Street Partners -backed firm, which uses technology to help diagnose and treat cancer, traded at $28.46 each at 12:35 p.m. on Wednesday in New York, versus an IPO price of $21 apiece. Caris sold 23.5 million shares after offering them for $19 to $20 each, in a range that had already been increased.
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