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Receptos Inc Announces Pricing of Initial Public Offering of Common Stock


Wednesday, 8 May 2013 06:03pm EDT 

Receptos Inc announced the pricing of its initial public offering of 5,200,000 shares of its common stock at an initial public offering price of $14.00 per share. The shares of Receptos' common stock are expected to begin trading on the Nasdaq Global Market under the symbol RCPT on May 9, 2013. All of the shares of common stock are being offered by Receptos. In addition, Receptos has granted the underwriters a 30-day option to purchase up to an additional 780,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on May 14, 2013, subject to customary closing conditions. Credit Suisse Securities (USA) LLC, Leerink Swann LLC and BMO Capital Markets are acting as joint book-running managers for the offering. Wedbush PacGrow Life Sciences is acting as a co-manager. 

Company Quote

138.99
0.48 +0.35%
4:00pm EDT