IPO by PPD raises $1.6 billion
PPD raised $1.6 billion from its initial public offering on the NASDAQ exchange in February 2020. The company priced its IPO at $27.00 per share and the IPO valued the company at $9.1 billion. PD had been owned by private equity firms since 2011.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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