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Upsized IPO raises $175M for preclinical biotech IGM Biosciences

IGM Biosciences announced its raised $175 million through the sale of 10.9 million shares at $16 apiece at the launch of its initial public offering Tuesday, much higher than the anticipated $100 million. The preclinical cancer biotech is developing a pipeline based on the use of engineered immunoglobulin M antibodies to fight cancer.

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