Allena Pharmaceuticals, Inc. Announces Pricing of Initial Public Offering
Allena Pharmaceuticals, Inc. (ALNA)
Last allena pharmaceuticals, inc. earnings: 3/16 08:00 am
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US:NASDAQ Investor Relations:
ir.allenapharma.com/investor-relations
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Source: GlobeNewswire
NEWTON, Mass., Nov. 01, 2017 (GLOBE NEWSWIRE) -- Allena Pharmaceuticals, Inc., a late-stage clinical biopharmaceutical company dedicated to developing and commercializing first-in-class, oral enzyme therapeutics to treat patients with rare and severe metabolic and kidney disorders, today announced the pricing of its initial public offering of 5,333,333 shares of common stock at a public offering price of $14.00 per share, before underwriting discounts and commissions, for gross proceeds of approximately $75 million. All of the shares are being offered by Allena. In addition, Allena has granted the underwriters a 30-day option to purchase up to an additional 800,000 shares of common stock at the initial public offering price. The shares are scheduled to begin trading on the NASDAQ Global Select Market under the ticker symbol “ALNA” on Thursday, November 2, 2017. The offering is expected to close on November 6, 2017, subject to the satisfaction of customary closing conditions. Credit
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