Albireo Announces Closing of $74.8 Million Public Offering Including Exercise of Underwriters’ Option to Purchase Additional Shares
Albireo Pharma, Inc. (ALBO)
Last albireo pharma, inc. earnings: 3/2 07:30 am
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US:NASDAQ Investor Relations:
ir.albireopharma.com/investor-relations
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Source: GlobeNewswire
BOSTON, Jan. 29, 2018 (GLOBE NEWSWIRE) -- Albireo Pharma, Inc. (Nasdaq:ALBO), a clinical-stage orphan pediatric liver disease company developing novel bile acid modulators, announced today the completion of its previously announced underwritten public offering of 1,970,000 shares of its common stock at a price to the public of $33.00 per share. In addition, the underwriters have exercised an option to purchase an additional 295,500 shares of common stock at the public offering price, less the underwriting discounts and commissions. All of the shares in the offering were sold by Albireo, with gross proceeds to Albireo of approximately $74.8 million and net proceeds of approximately $69.9 million, after deducting underwriting discounts and commissions and estimated offering expenses. Cowen and William Blair acted as joint book-running managers and representatives of the underwriters for the offering. Needham & Company, Wedbush PacGrow and Roth Capital Partners acted as co-managers.
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