Dova Pharmaceuticals to raise US$70mln as it prices IPO
Specialist drug develop Dova Pharmaceuticals told investors it expects to raise US$69.1mln, as it priced its upcoming stock market float.
Dova, in a filing to the Securities and Exchange Commission (SEC), revealed plans to sell just over 4mln new IPO shares between US$15 and US$17 per share.
If all options and overallotments are taken up, Dova will raise up to US$79.4mln of proceeds.
It is anticipated that the pharmaceutical shares will list on the Nasdaq, under the symbol ‘DOVA’.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/179466/dova-pharmaceuticals-to-raise-us70mln-as-it-prices-ipo-179466.html
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