Genmab, the Danish biotech company, on Wednesday priced its shares just above the bottom of the indicative range, signalling a possible slump in investor appetite for biotech stocks.

Genmab, which is seeking a dual listing on its home market, the Copenhagen Stock Exchange, as well Frankfurt's Neuer Markt for high-growth companies, priced its shares at €34.89 ($30.32), almost touching the bottom of the €34 to €40 indicated range.

Miles Gregory-Costello

Genmab

Commerzbank

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