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Provider: Reuters Investment Profile
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Otonomy Inc announces pricing of initial public offering


Wednesday, 13 Aug 2014 08:00am EDT 

Otonomy Inc:Says pricing of initial public offering of 6,250,000 shares of its common stock at price to the public of $16.00 per share.In addition, Otonomy has granted the underwriters 30-day option to purchase up to 937,500 additional shares of common stock at initial public offering price, less customary underwriting discounts and commissions.All of common stock is being offered by Otonomy.Shares are expected to begin trading on The NASDAQ Global Select Market on Aug.13, under the symbol 'OTIC.J.P. Morgan Securities LLC and BofA Merrill Lynch are acting as joint book-running managers for offering, Piper Jaffray & Co. is acting as lead manager for the offering, and Sanford C. Bernstein & Co., LLC is acting as co-manager for offering. 

Company Quote

23.4
2.48 +11.85%
19 Sep 2014