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PTC Therapeutics prices IPO at $15, within the range
By: Renaissance Capital
PTC Therapeutics, a biotech targeting rare forms of muscular dystrophy and cystic fibrosis, raised $126 million by offering 8.4 million shares at $15.00, within the range of $13.00 to $16.00. PTC Therapeutics plans to list on the NASDAQ under the symbol PTCT. PTC Therapeutics initially filed confidentially on 3/18/2013. J.P. Morgan and Credit Suisse acted as lead managers on the deal.