Elanco Animal Health Inc. (ELAN) shares soared more than 35% Thursday in their trading debut, after the company priced the stock above its price range. Elanco, a spinoff from Eli Lilly & Co. (LLY) was founded in 1954.
- Sector: Healthcare
- Industry: Drug Manufacturers - Specialty & Generic
- Full Time Employees: 4,500
- HQ: Greenfield, Indiana
- http://www.elanco.com
ticker: ELAN
Offer price: 62.9 mln share IPO at $24 per share, above the expected $20-23 per share range
Opened at $32.25
Offer size: $1.7 billion
Goldman Sachs. J.P. Morgan and Morgan Stanley were book-running managers on the deal.
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