Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Business & Economy

Strong Demand For Quintiles Its First Day On NYSE

New York Stock Exchange on Wall Street
Wikimedia commons
/

There seems to be strong investor demand on the New York Stock Exchange for North Carolina-based Quintiles.

Trading began today for the drug-testing company at $40 a share, and by mid-day – shares were up to almost $44.  The price closed at $42.

Phil Bridges, a spokesman for Quintiles, says this is an iconic moment in the company's history.“It’s really more of a re-capitalization effort," he says. "So that’s how we are presenting it.  And we’ll still be working toward providing solutions to our customers and helping them bring life-saving medicines to market everyday.”

Quintiles announced late yesterday that it would sell about 23.7 million shares of its common stock.  This initial public offering could raise close to one billion dollars.  

Quintiles has 27,000 employees worldwide; 2,000 of them are in the Triangle.   
 

Related Stories
More Stories