You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Watertown’s Dicerna raises $90m in IPO

Shares of newly public Dicerna Pharmaceuticals Inc. barreled up nearly 207 percent in their first day of trading Thursday, giving the Watertown biotechnology startup the largest opening-day gain of any company since the Chinese search engine Baidu.com went public in 2005.

Dicerna, which is working in the hot field of RNA interference, became the second Massachusetts company — and the first biotech — to complete an initial public offering this year. Nine state biotechnology companies made it through the IPO threshold last year.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week