{"id":1526,"date":"2020-06-12T11:58:00","date_gmt":"2020-06-12T08:58:00","guid":{"rendered":"https:\/\/rvc.com.sa\/?p=1526"},"modified":"2020-10-22T17:48:33","modified_gmt":"2020-10-22T14:48:33","slug":"avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading","status":"publish","type":"post","link":"https:\/\/rvc.com.sa\/en\/avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading\/","title":{"rendered":"AVIDITY BIOSCIENCES \u2013 ONE OF RIYADH VALLEY COMPANY INVESTMENT PORTFOLIO COMPANIES \u2013 JUMPS 50% IN FIRST DAY OF TRADING"},"content":{"rendered":"\r\n<p>Shares of Avidity Biosciences \u2013 one of Riyadh Valley Company investment portfolio companies-soared 50% in their trading debut on the Nasdaq today after pricing at the top of their initial public offering range, a sign of heightened interest from investors.<\/p>\r\n\r\n\r\n\r\n<p>Avidity, a biotech company that the specializes in treatments for muscular disorders, priced its IPO at $18 a share late Thursday. The company sold 14.4 million shares to raise $259.2 million after twice upsizing the deal; earlier plans called for selling 10 million shares and then 12 million shares.<\/p>\r\n\r\n\r\n\r\n<p>Avidity considers as one of the most successful investments in RVC portfolio. RVC had previously invested in Avidity Biosciences in 2017. This success contributes in supporting the purposes of Riyadh Valley Company \u2013 the investment arm of King Saud University \u2013 to achieve the Saudi Vision 2030 according to a balanced investment strategy focused on leveraging local capabilities and investing locally and internationally in companies in early and growth stages to create financial and strategic returns that will support the future of economic development.<\/p>\r\n\r\n\r\n\r\n<p><a href=\"https:\/\/www.marketwatch.com\/story\/avidity-biosciences-jumps-50-in-first-day-of-trading-2020-06-12\">https:\/\/www.marketwatch.com\/story\/avidity-biosciences-jumps-50-in-first-day-of-trading-2020-06-12<\/a><\/p>\r\n\r\n\r\n\r\n<p><a href=\"https:\/\/www.reuters.com\/article\/brief-avidity-biosciences-shares-open-at\/brief-avidity-biosciences-shares-open-at-26-50-in-debut-on-nasdaq-versus-ipo-price-of-18-00-share-idUSFWN2DP0DI\">https:\/\/www.reuters.com\/article\/brief-avidity-biosciences-shares-open-at\/brief-avidity-biosciences-shares-open-at-26-50-in-debut-on-nasdaq-versus-ipo-price-of-18-00-share-idUSFWN2DP0DI<\/a><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Shares of Avidity Biosciences \u2013 one of Riyadh Valley Company investment portfolio companies-soared 50% in their trading debut on the Nasdaq today after pricing at the top of their initial public offering range, a sign of heightened interest from investors. Avidity, a biotech company that the specializes in treatments for muscular disorders, priced its IPO&#8230;<\/p>\n","protected":false},"author":4,"featured_media":1530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-1526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AVIDITY BIOSCIENCES \u2013 ONE OF RIYADH VALLEY COMPANY INVESTMENT PORTFOLIO COMPANIES \u2013 JUMPS 50% IN FIRST DAY OF TRADING - \u0634\u0631\u0643\u0629 \u0648\u0627\u062f\u064a \u0627\u0644\u0631\u064a\u0627\u0636<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rvc.com.sa\/en\/avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AVIDITY BIOSCIENCES \u2013 ONE OF RIYADH VALLEY COMPANY INVESTMENT PORTFOLIO COMPANIES \u2013 JUMPS 50% IN FIRST DAY OF TRADING - \u0634\u0631\u0643\u0629 \u0648\u0627\u062f\u064a \u0627\u0644\u0631\u064a\u0627\u0636\" \/>\n<meta property=\"og:description\" content=\"Shares of Avidity Biosciences \u2013 one of Riyadh Valley Company investment portfolio companies-soared 50% in their trading debut on the Nasdaq today after pricing at the top of their initial public offering range, a sign of heightened interest from investors. Avidity, a biotech company that the specializes in treatments for muscular disorders, priced its IPO...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rvc.com.sa\/en\/avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading\/\" \/>\n<meta property=\"og:site_name\" content=\"\u0634\u0631\u0643\u0629 \u0648\u0627\u062f\u064a \u0627\u0644\u0631\u064a\u0627\u0636\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-12T08:58:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-22T14:48:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rvc.com.sa\/wp-content\/uploads\/2020\/06\/avidity.1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1925\" \/>\n\t<meta property=\"og:image:height\" content=\"1125\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Hassan Khered\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@riyadhvalley\" \/>\n<meta name=\"twitter:site\" content=\"@riyadhvalley\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hassan Khered\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/rvc.com.sa\/en\/avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/rvc.com.sa\/en\/avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading\/\"},\"author\":{\"name\":\"Hassan Khered\",\"@id\":\"https:\/\/rvc.com.sa\/#\/schema\/person\/1f05fe883fe50bf164bfb996a0b55b8e\"},\"headline\":\"AVIDITY BIOSCIENCES \u2013 ONE OF RIYADH VALLEY COMPANY INVESTMENT PORTFOLIO COMPANIES \u2013 JUMPS 50% IN FIRST DAY OF TRADING\",\"datePublished\":\"2020-06-12T08:58:00+00:00\",\"dateModified\":\"2020-10-22T14:48:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/rvc.com.sa\/en\/avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading\/\"},\"wordCount\":200,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/rvc.com.sa\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/rvc.com.sa\/en\/avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/rvc.com.sa\/en\/avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading\/\",\"url\":\"https:\/\/rvc.com.sa\/en\/avidity-biosciences-one-of-riyadh-valley-company-investment-portfolio-companies-jumps-50-in-first-day-of-trading\/\",\"name\":\"AVIDITY BIOSCIENCES \u2013 ONE OF RIYADH VALLEY COMPANY INVESTMENT PORTFOLIO COMPANIES \u2013 JUMPS 50% IN FIRST DAY OF TRADING - 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