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Dance Biopharm plans to price initial public offering of common stock
Wells Fargo Securities and Stifel, Oppenheimer and Roth Capital assist
By Devika Patel
Knoxville, Tenn., April 9 - Dance Biopharm, Inc. will conduct an initial public offering of its common stock with a 30-day greenshoe, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission.
Wells Fargo Securities LLC and Stifel Nicolaus & Co. Inc. are the joint bookrunning managers. Oppenheimer & Co. and Roth Capital Partners are the co-managers.
Proceeds will be used to prepare for and conduct a global phase 3 clinical program for Dance 501, to scale-up and optimize the company's manufacturing processes, for working capital and for other general corporate purposes, including development of product enhancements related to the company's next product version.
The biopharmaceutical company is based in Brisbane, Calif. It intends to list its common stock on the Nasdaq under the symbol "DNCE."
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