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Adamas Pharmaceuticals Inc announces closing of initial public offering

Tuesday, 15 Apr 2014 04:00pm EDT 

Adamas Pharmaceuticals Inc:Closes initial public offering of 3,000,000 shares of common stock at public offering price of $16 per share.Shares began trading on NASDAQ Global Market under the ticker symbol ADMS on April 10.Adamas estimates net proceeds from offering to be about $41.5 mln after deducting underwriting discounts and commissions and estimated offering expenses.Credit Suisse and Piper Jaffray acted as joint book-running managers for the proposed offering.William Blair and Needham & Company acted as co-managers.