Alder BioPharmaceuticals, Inc. Prices Public Offering of Common Stock
ALDER BIOPHARMACEUTICALS INC (ALDR)
Last alder biopharmaceuticals inc earnings: 8/6 04:07 pm
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US:NASDAQ Investor Relations:
investor.alderbio.com/node/5806
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Source: GlobeNewswire
BOTHELL, Wash., Feb. 27, 2019 (GLOBE NEWSWIRE) -- Alder BioPharmaceuticals, Inc. (NASDAQ: ALDR), a biopharmaceutical company focused on developing novel therapeutic antibodies for the treatment of migraine, announced today the pricing of an underwritten public offering of 11,304,348 shares of its common stock at a price to the public of $11.50 per share. In addition, Alder has granted the underwriters a 30-day option to purchase up to 1,695,652 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on March 4, 2019, subject to customary closing conditions. Concurrent with the public offering, Alder intends to sell, subject to the consummation of the public offering and other customary conditions, in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), 1,739,130 shares of common stock to certain institutional and other acc
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