AbbVie Rises on Stock Market Debut
Shares in AbbVie rose in the company's first day of trading on the New York Stock Exchange Wednesday, NYSE data shows. The stock advanced from an opening price of $34.92 to $35.12 at market close.
Shortly before the debut, officials from the firm rang the NYSE's opening bell in the exchange's first trading day of this year.
AbbVie is a publicly traded spinoff of health care concern Abbott Laboratories . It specializes in the manufacture and sale of branded drugs, particularly the state-of-the-art, anti-inflammatory medication HUMIRA. According to a press release the company issued to mark its stock market debut, it has an estimated $18 billion in annual revenues.
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