Passage Bio shares soar 19% in their trading debut despite massive market selloff

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Passage Bio shares soar nearly 20% in post-IPO trading debut

Passage Bio Inc. shares PASG, +22.39% soared 19% in their trading debut Friday, after an initial public offering that priced at the top end of the $16 to $18 price range. Despite the turmoil in the market this week, the company upsized the deal to 12 million shares from 10 million, raising $216 million. Proceeds will be used to fund clinical development of therapies for rare, monogenic central nervous system disorders.

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