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News 2026-10-16 16:49 UTC

BUZZ — City Therapeutics surges in Nasdaq debut after upsized $200 million IPO

* Drug developer City Therapeutics' shares surge 25% to $22.50 in Nasdaq debut after $200 million US IPO * Stock opened at $23 apiece vs $18 IPO price * Cambridge, Massachusetts-based CTY sold 11.1 million shares in upsized IPO * Biotech continues to be a bright spot in IPO market as choppy conditions keep a lid on act