Citigroup, Jefferies, JMP Securities, H.C. Wainwright help with sale
By Devika Patel
Knoxville, Tenn., July 26 – Kadmon Holdings, Inc. said it priced its $75 million initial public sale of stock with an $11.25 million greenshoe.
The company will sell 6.25 million common shares at $12.00 apiece.
Citigroup Global Markets Inc. and Jefferies LLC are the bookrunners, and JMP Securities LLC is a lead manager.
Settlement is expected Aug. 1.
Kadmon is a biopharmaceutical company based in New York. It intends to list its common stock on the New York Stock Exchange under the symbol “KDMN.”
| Issuer: | Kadmon Holdings, Inc.
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| Issue: | Common stock
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| Amount: | $75 million
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| Greenshoe: | $11.25 million, or 937,500 shares
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| Shares: | 6.25 million
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| Price: | $12.00
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| Warrants: | No
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| Bookrunners: | Citigroup Global Markets Inc. and Jefferies LLC
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| Lead manager: | JMP Securities LLC
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| Manager: | H.C. Wainwright & Co., LLC
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| Pricing date: | July 26
|
| Settlement date: | Aug. 1
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| Expected listing: | NYSE: KDMN
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