Optinose, the specialty pharma, set for around US$100mln Nasdaq float
There seems to have been a mini-flurry of new floats in New York recently. Specialty pharma group Optinose becomes the latest to take the plunge.
It specialises in products for ear, nose and throat and allergies and revealed plans to sell 6.25 million shares at between $15 and $17 each to raise around US$100mln.
It will list on Nasdaq under the symbol “OPTN”
Brokerages Jefferies, Piper Jaffray, BMO Capital Markets and RBC Capital Markets are underwriters for the deal.
The firm aims to use the proceeds of the IPO to support the launch of Xhance for the treatment of chronic sinusitis, for working captial and general corporate purposes.
Xhance is a intranasal delivery treatment and the FDA recently approved it for nasal polyps.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/184992/optinose-the-specialty-pharma-set-for-around-us100mln-nasdaq-float-184992.html
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