Moleculin Biotech Trading Above Issue Price In Market Debut

By Caitlin HustonMarketsMarketWatch Pulse

Shares of Moleculin Biotech Inc. were trading at $7.75 Thursday morning, above the company's issue price of $6, in the stock's debut on the Nasdaq. The company sold 1.5 million shares to raise about $9.2 million. Moleculin had initially hoped to raise up to $12 million, according to an earlier S-1 filing. Bonwick Capital Partners and Network 1 Financial Securities underwrote the offering.

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