By Josh BeckermanMynaric AG's American depositary shares closed up 17% at $19.25 after a U.S. initial public offering. The Frankfurt-listed maker of laser communications products said Friday that its offering of 4 million ADSs priced at $16.50 each. Proceeds will be used for purposes including increasing production, expanding its product portfolio and repaying outstanding amounts under a credit line.

Source: Wall Street Journal November 12, 2021 23:57 UTC