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Monday, June 17, 2024 | Back issues
Courthouse News Service Courthouse News Service

Biotech IPO

SAN MATEO, Calif. - Pacific Biosciences overstated its prospects to raise $230 million through its initial public offering, at $16 a share, and the stock price sank to $4.25 after this and the company's "cash burn" were revealed, shareholders say in a class action in Superior Court.

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