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Stockreport

Galapagos announces launch of proposed public offering

GALAPAGOS NV ADS (GLPG)  More Company Research Source: GlobeNewswire
Last galapagos nv ads earnings: 4/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: glpg.com/company-overview
PDF Mechelen, Belgium, 17 April 2017, 22.10 CET, regulated information - Galapagos NV (Euronext & NASDAQ: GLPG) announced today that it intends to offer and sell, subject to market and other conditions, $275 million of its ordinary shares in the form of American Depositary Shares (ADSs) in a U.S. public offering. In the offering, Galapagos intends to grant the underwriter a 30-day option to purchase additional ADSs, up to 15% of the ADSs placed in the offering. The final price per ADS in the offering will be determined following the bookbuilding process. Each of the ADSs offered in the offering represents the right to receive one ordinary share. Galapagos' ADSs are currently listed on the NASDAQ Global Select Market under the symbol "GLPG" and Galapagos' ordinary shares are currently listed on Euronext Amsterdam and Euronext Brussels. Morgan Stanley is acting as sole book-running manager for the proposed offering. The securities are being offered pursuant to an [Read more]

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