New Issue: Icon secondary of 1 million ADS fetches $63.5 million at $63.50 each vs. $65.84 close

By Ronda Fears

Memphis, Aug. 1 - A secondary offering of 1 million Icon plc American Depositary Shares was priced at $63.50 each via bookrunner William Blair & Co., LLC. The selling shareholders were Ronan Lambe, one of Icon's co-founders and board member, and Poplar Ltd., the sole beneficial owner of which is John Climax, Icon's other co-founder and chairman.

Dublin, Ireland-based Icon is a contract research organization providing clinical research and development services on a global basis to the pharmaceutical, biotechnology and medical device industries.

Original issuer:	Icon plc ADS
Issue:	Secondary offering
Gross proceeds:	$63.5 million
Shares:	1 million ADS
Greenshoe:	525,000 shares
Price:	$63.50 per share
Bookrunner:	William Blair & Co., LLC
Co-managers:	Bear, Stearns & Co. Inc. and Jefferies & Co., Inc
Pricing date:	July 31
Settlement date:	Aug. 4
Stock symbol:	Nasdaq: ICLR
Stock price:	$65.84 on July 31

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