Alvotech SA Completes Successful Private Placement, Welcomes New Institutional Investors

Reuters

06-12

<a href="https://laohu8.com/S/ALVO">Alvotech</a> SA Completes Successful Private Placement, Welcomes New Institutional Investors

Alvotech SA, a global biotech firm that focuses on the development and manufacturing of biosimilar medicines, has completed a private placement directed towards Swedish and international institutional investors. Approximately 40 institutional investors participated, with a significant portion of demand coming from Sweden, Norway, and the UK, as well as US-based funds. Over 80% of the allocated shares and Swedish Depositary Receipts (SDRs) went to new investors. The placement involved the transfer of 7.5 million treasury shares previously held by Alvotech's subsidiary. This initiative aims to diversify and strengthen Alvotech's shareholder base and increase the free float of SDRs on Nasdaq Stockholm. Róbert Wessman, chairman and CEO of Alvotech, expressed enthusiasm for the new shareholders joining the company's journey in the biosimilars industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001102201-en) on June 11, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alvotech SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001102201-en) on June 11, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BKPKM429.USD","symbol_name":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250611:nNDL38kr5P:1","article_id":"2542153763","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542153763","pubTimestamp":1749673205,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Alvotech SA, a global biotech firm that focuses on the development and manufacturing of biosimilar medicines, has completed a private placement directed towards Swedish and international institutional investors. 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