Aug. 21 at 11:50 PM
$PPCB Biotechs Big Bang: IPOs, Uplists and the Short Squeeze Effect Part 2
Fast forward to more recent years, %Moderna (NASDAQ:MRNA) raised
$621 million in 2018, setting a record for the largest biotech IPO at that point by offering 27 million shares at
$23 each. In 2021, %SanaBiotechnology (NASDAQ:SANA) pushed the envelope further, raising
$588 million in the biggest-ever IPO for a preclinical biotech company. Although first-day trading volume figures were not disclosed for either one, the sheer scale of the raises highlights the significant investor interest and heavy trading activity that often accompany high-profile biotech market debuts.
%PropancBiopharma (NASDAQ:PPCB) took that momentum to another attention-getting level. On August 15, 2025, the oncology innovator recorded nearly 68 million shares traded on its first day of Nasdaq trading, a staggering leap from the thin volumes that characterized its OTC days.