initial public offerings (IPOs) trading on American exchanges

Wednesday, September 21, 2016

Novan (NOVN) started trading on the Nasdaq on 21 September 2016

  • Novan (NOVN) priced its IPO of 4.1M shares (up from 3.75M) at $11. 
  • Underwriters over-allotment is an additional 615K shares.
  • Novan developes nitric oxide-based therapies used in dermatology.
  • Was founded in 2006 and is headquartered in Durham, North Carolina.


Company Overview

Company NameNOVAN, INC.
Company Address4105 HOPSON ROAD
Company Phone919-485-8080
CEONathan Stasko
Employees (as of 6/30/2016)63
State of IncDE
Fiscal Year End12/31
StatusPriced (9/21/2016)
Proposed SymbolNOVN
ExchangeNASDAQ Global
Share Price$11.00
Shares Offered4,100,000
Offer Amount$45,100,000.00
Total Expenses$2,399,892.00
Shares Over Alloted0
Shareholder Shares Offered--
Shares Outstanding15,323,659
Lockup Period (days)180
Lockup Expiration3/20/2017
Quiet Period Expiration10/31/2016

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