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Private Equity

Strongbridge Biopharma plc Announces Closing of Initial U.S. Public Offering

by virtual-strategy.com posted 3years ago 5715 views
DUBLIN, Ireland and TREVOSE, Pa., Oct. 21, 2015 (GLOBE NEWSWIRE) -- Strongbridge Biopharma plc (NASDAQ:SBBP) announced today the closing of its initial U.S. public offering of 2,500,000 ordinary shares at a price to the public of $10.00 per ordinary share for aggregate gross proceeds of $25 million, before deducting the underwriting commission and estimated offering expenses. In connection with the offering, Strongbridge Biopharma has granted to the underwriters a 30-day option to purchase up to an additional 375,000 ordinary shares at the public offering price, less the underwriting discount. Strongbridge Biopharma's ordinary shares are listed on The NASDAQ Global Select Market...

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