Menlo Therapeutics prices IPO at $17, high end of price range [MarketWatch]
MENLO THERAPEUTICS INC COMMON (MNLO)
Last menlo therapeutics inc common earnings: 3/3 04:05 pm
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US:NASDAQ Investor Relations:
ir.menlotherapeutics.com/investor-relations
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Source: MarketWatch
Menlo Therapeutics prices IPO at $17, high end of price range Menlo Therapeutics Inc. MNLO, +0.00% priced its initial public offering late Wednesday at $17 a share, the high end of its $16 to $17 range, according to Nasdaq. The company sold 7 million shares to raise $119 million. The company has upsized the deal and lifted the price range from a previous plan to offer 5.7 million shares at $14 to $16 a pop. The stock will start trading later Thursday on Nasdaq under the ticker symbol "MNLO." Jefferies, Piper Jaffray and Guggenheim are lead managers on the deal, with JMP Securities acting as co-manager. Menlo is a late-stage biotech focused on treatments for pruritus, or itch, in skin conditions including atopic dermatitis, psoriasis and others.
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