CureVac raises $517.5 million from share issue

Country

Germany

The German vaccine producer CureVac NV has completed a follow-on share issue on Nasdaq giving total gross proceeds of $517.5 million, including the exercise of the underwriters’ option. This comes five months after the company, which is developing a messenger RNA (mRNA) vaccine for Covid-19, raised $245.3 million in an initial public offering. In the latest financing, CureVac issued 5.75 million shares at a price of $90 per share.