initial public offerings (IPOs) trading on American exchanges
Showing posts with label Dicerna Pharma. Show all posts
Showing posts with label Dicerna Pharma. Show all posts

Thursday, January 30, 2014

Dicerna Pharma Prices IPO Of 6 Mln Shares At $15/shr

Dicerna Pharmaceuticals, Inc., a biopharmaceutical company focused on the discovery and development of innovative treatments for rare inherited diseases, announced the pricing of its initial public offering of 6 million shares of common stock at $15.00 per share, before underwriting discounts. The offering is expected to close on February 4, 2014.

In an amended S-1 filing with the U.S. Securities and Exchange Commission, the company recently expected to price the initial public offering of 6 million common shares at $14 per share.

In addition, Dicerna has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock from Dicerna at the public offering price, before underwriting discounts.

The Watertown, Massachusetts-based company shares to begin trading on the NASDAQ Global Select Market under the ticker symbol "DRNA" on January 30, 2014.

Jefferies LLC, Leerink Partners LLC, and Stifel, Nicolaus & Company, Incorporated are acting as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated is acting as co-lead manager for the offering.