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Telix pulls $300m Nasdaq IPO as investors demand deep discount

Kylar Loussikian
Kylar LoussikianDeputy editor - Business

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Cancer treatment hopeful Telix Pharmaceuticals has abruptly pulled plans to raise $US200 million ($300 million) and list on the Nasdaq after being forced to offer heavy discounts to find buyers among investors in the United States.

The company had announced its intention for a secondary listing in New York only last week, and shares listed on the ASX – where Telix has a market capitalisation of some $5.4 billion – had entered into a trading halt on Thursday ahead of the Nasdaq initial public offering.

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Kylar Loussikian is the Financial Review's Deputy editor - Business Email Kylar at kloussikian@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/telix-pulls-300m-nasdaq-ipo-as-investors-demand-deep-discount-20240614-p5jlrx