Wilmington pharmaceutical company PPD goes public

Wilmington pharmaceutical company PPD goes public

WILMINGTON, N.C. (WECT) - PPD is now a publicly traded company.

PPD CEO David Simmons rang the Nasdaq opening bell Friday as the company began trading as a public company.

It’s an exciting day in PPD’s history. PPD CEO David Simmons rings the Nasdaq opening bell as the company has begun...

Posted by PPD - Pharmaceutical Product Development on Friday, February 7, 2020

Bloomberg says PPD has raised $1.62 billion in the biggest US IPO so far in 2020. On Wednesday, PPD announced in a news release it was offering 60 million shares of its common stock at $27 per share.

The company’s 23,000 employees also celebrated the Nasdaq listing across the company’s many locations.

PPD employees conclude a day of celebrating the start of a new chapter for the company as a publicly traded...

Posted by PPD - Pharmaceutical Product Development on Friday, February 7, 2020

The offering is expected to close on Feb. 10, 2020, subject to customary closing conditions.

Copyright 2020 WECT. All rights reserved.