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NEW YORK – Point-of-care infectious disease diagnostics company Talis closed its initial public offering Wednesday raising proceeds of approximately $253.9 million. 

The Menlo Park, California-based firm sold 15,870,000 shares of its common stock, including 2,070,000 shares sold pursuant to the exercise in full by the underwriters of their option to purchase additional shares. Each share in the offering was priced at $16. The shares began trading last week on the Nasdaq under ticker symbol TLIS.

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