IPO Roundup: Aridis Pharmaceuticals could raise nearly US$30mln in its IPO
Aridis Pharmaceuticals Inc (NASDAQ:ARDS), a late-stage biopharmaceutical group, is set to list on the Nasdaq market under the ticker symbol “ARDS” on Tuesday.
The company develops targeted therapies to treat acute pneumonia caused by infections.
Aridis will issue 2 million shares priced between US$13 and US$15, raising as much as US$30mln.
Cantor Fitzgerald is acting as the book runner for the offering and the underwriters have 30 days to purchase up to 300,000 additional shares of stock at the offer price.
Contact Ellen Kelleher at [email protected]
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/202767/ipo-roundup-aridis-pharmaceuticals-could-raise-nearly-us30mln-in-its-ipo-202767.html
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