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Auris Medical Holding AG announces pricing of initial public offering

Tuesday, 5 Aug 2014 07:02pm EDT 

Auris Medical Holding AG:Announces pricing of its initial public offering of 9,400,000 of its common shares at an initial public offering price of $6.00 per common share.Says in addition, Auris Medical has granted the underwriters an option to purchase up to 1,410,000 additional common shares at the public offering price, less underwriting discounts. After deducting the underwriting discounts and other estimated offering expenses.Says the net proceeds of the initial public offering are expected to be about $51 million.Says the offering is expected to close on or about Aug. 11, 2014.Auris Medical's common shares have been approved for listing on the NASDAQ Global Market and are expected to begin trading under the ticker symbol "EARS" on Aug. 6, 2014.Says Jefferies LLC and Leerink Partners LLC are acting as joint book-running managers.JMP Securities LLC and Needham & Company, LLC are acting as co-managers. 

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0.14 +2.33%
6 Mar 2015