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Biotech firm Septerna jumps in Nasdaq debut

BUZZ-Biotech firm Septerna jumps in Nasdaq debut ** Goldman Sachs-backed biotech firm Septerna's SEPN.O shares rise ~31 % above their initial public offering price in Nasdaq debut ** SEPN last up ~18.2% at $21.28; stock opened for trading at $23.5 vs IPO price of $18 ** The company, in a sign of strong investor demand, priced its upsized IPO above its targeted range of $15 to $17 a share ** With the stock's rise at debut, the firm is now valued at $970 mln ** SEPN raised $288 mln by selling 16 m
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Nasdaq hits record high as Treasury yields ease

US STOCKS-Nasdaq hits record high as Treasury yields ease For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Nvidia market cap briefly overtakes Apple's Capri plummets after US judge blocks Tapestry merger Nasdaq set to rise, Dow and S&P 500 to fall for the week Indexes: Dow down 0.19%, S&P 500 up 0.51%, Nasdaq up 1.22% Updated at 12:10 p.m.
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Septerna valued at $970 million as shares rise nearly 31% in Nasdaq debut

UPDATE 2-Septerna valued at $970 million as shares rise nearly 31% in Nasdaq debut Adds details on US IPO market in paragraphs 5 and company background in paragraphs 8, 10 Oct 25 (Reuters) - Septerna's SEPN.O shares rose about 31% in their market debut on Friday, giving the Goldman Sachs-backed biotech firm a valuation of $970 million. The company's shares opened at $23.5 in their Nasdaq debut, compared with the IPO price of $18. Septerna upsized its offering twice on Thursday to sell 16 million
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Septerna valued at $970 million as shares rise nearly 31% in Nasdaq debut

Septerna valued at $970 million as shares rise nearly 31% in Nasdaq debut Oct 25 (Reuters) - Septerna's SEPN.O shares rose about 31% in their market debut on Friday, giving the Goldman Sachs-backed biotech firm a valuation of $970 million . Reporting by Pritam Biswas in Bengaluru; Editing by Vijay Kishore
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What to expect in 2024: Forecasts for GDP, inflation and other assets

FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets Updates with global GDP forecast from Citigroup; U.S., global, euro area, India GDP forecasts from UBS Global Research; Goldman Sachs' India GDP forecast and HSBC's S&P 500 year-end forecast Oct 25 (Reuters) - The U.S. Federal Reserve cut interest rates by an oversized 50 basis points in its Sept.
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