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Stock impact report

Hair Loss Biopharma Firm Veradermics Raises $256 Million in IPO [Yahoo! Finance]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Yahoo! Finance
The Longitude Capital-backed company sold about 15 million shares at $17 each, according to a statement Tuesday. The New Haven, Connecticut-based firm had marketed 13.35 million shares for $14 to $16 each. Most Read from Bloomberg Chicago Office Tower Sells at an 87% Discount to Pre-Covid Price Congestion Pricing's Unexpected Winners: Suburban Drivers Forget Free NYC Buses: Just Build 41 Miles of New Subways The Oklahoma Architect Who Turned Kitsch Into Art In Praise of Urban Disorder At the IPO price, Veradermics has a market value of about $596 million based on the outstanding shares listed in its filings. Wellington Management had indicated interest in purchasing as much as $30 million in shares at the IPO price, according to the filings. Eli Lilly & Co. also indicated it would take as much as 4.9% of the biotech's outstanding shares. The listing kicks off a busy week of IPOs on US exchanges, with eight companies including Veradermics expected to price and trade Show less Read more
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