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How Dublin’s Icon grew from a $49m IPO into the firm closing a $12bn deal

Posted on over 1 year ago by Laurentina Kennedy

Innovation Rd (002)
 

How Dublin’s Icon grew from a $49m IPO into the firm closing a $12bn deal

 

Dublin-based Icon Plc is a lot less well known than Ryanair or Kerrygroup but the clinical trials group just announced one of the biggest and most ambitious deals in Irish corporate history.

The planned $12bn merger with PRA Health Sciences will create a clinical trials research and development group with global scale.

It might not be well known but Icon isn't a minnow. The Nasdaq-listed company is already worth around €9bn and has 1000 staff just in its headquarters in Leopardstown.