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-0.00192752505782578 0.0368157286044718 0.00809560524286819 0.0740169622205089 0.131461063993832 0.106592135697764 0.0848380878951427 0.112567463377024
Stock impact report

Praxis Precision Medicines Announces Pricing of Upsized Initial Public Offering

Praxis Precision Medicines, Inc. (PRAX) 
Company Research Source: GlobeNewswire
CAMBRIDGE, Mass., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Praxis Precision Medicines, Inc. (NASDAQ: PRAX), a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system disorders characterized by neuronal imbalance, today announced the pricing of its upsized initial public offering of 10,000,000 shares of common stock at a public offering price of $19.00 per share. All of the shares are being offered by Praxis. The gross proceeds of the offering, before deducting underwriting discounts and commissions, and other offering expenses payable by Praxis, are expected to be approximately $190.0 million. Praxis has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock at the initial public offering price less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on October 16, 2020 under the ticker symbol “PR Show less Read more
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