April 29, 2016
Milford company scales back IPO to $15M
Courtesy
By Sam Bonacci
Spring Bank Pharmaceuticals, an early-stage biotech that develops targeted therapies for viral diseases, is going for a scaled back version of its initial public offering.
The Milford-based company plans to offer an initial 1.2 million shares priced between $12 and $14, according to IPO advising organization Renaissance Capital. This is a scaled back version of the IPO that Spring Bank was seeking in March and postponed. That initial IPO sought $40 million in funding with the intent of selling approximately 2.8 million shares.
Spring Bank Pharmaceuticals was founded in 2002 and will be listed on the Nasdaq under the symbol SBPH.
WBJ Web Partners
Most Recent
Most Recent
0 Comments