Key Developments: Ceres Inc (CERE.W)
2.20USD
22 May 2013
$-0.11 (-4.76%)
$2.31
$2.23
$2.25
$2.20
400
124
$7.01
$2.09
Latest Key Developments (Source: Significant Developments)
Ceres Inc Announces Closing Of Initial Public Offering And Exercise In Full Of Option To Purchase Additional Shares
Ceres Inc announced the closing of its previously announced initial public offering of 5,000,000 shares of its common stock at a price to the public of $13.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 750,000 shares of common stock from the Company. As a result, the total initial public offering size was 5,750,000 shares. Goldman, Sachs & Co. and Barclays Capital acted as joint book-running managers for the offering and Piper Jaffray, Raymond James and Simmons & Company International acted as co-managers. Full Article
Ceres Inc Announces Pricing Of Initial Public Offering Of Common Stock
Ceres Inc announced the pricing of its initial public offering of 5,000,000 shares of common stock at $13.00 per share. The common stock is expected to begin trading on the NASDAQ Global Market on February 22, 2012 under the ticker symbol 'CERE.' The underwriters have been granted a 30-day option to purchase up to an additional 750,000 shares of common stock from Ceres. The offering is expected to close on February 27, 2012, subject to customary closing conditions. All shares are being offered by Ceres. Full Article
Ceres Inc Cuts Expected IPO Price To $16-$17 Per Share-Reuters
Reuters reported that Ceres Inc cut its price expectation for its initial public offering (IPO) to between $16 and $17 per share from between $21 and $23 earlier. Last month, the Company had said it expected to raise about $97.8 million from its IPO of 5 million shares. It now expects to raise about $72.2 million and plans to use most of the proceeds for research and development and capital spending. Full Article
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