Stifel and JMP Securities are joint bookrunning managers for deal
By Susanna Moon
Chicago, Sept. 2 – Marinus Pharmaceuticals, Inc. said underwriters partially exercised their over-allotment option for another 133,000 shares in the initial public offering, bringing the total deal size to $46.1 million.
In all, the company sold 5,758,000 common shares at $8.00 apiece.
Stifel, Nicolaus & Co. and JMP Securities LLC are the joint bookrunning managers.
As previously announced, the company priced its $45 million initial public sale of stock on July 31 with a $6.75 million greenshoe. The deal was announced May 12.
Proceeds will be used for clinical trials, working capital and general corporate purposes.
The biopharmaceutical company is based in New Haven, Conn. The company intends to list its common stock on the Nasdaq under the symbol “MRNS.”
| Issuer: | Marinus Pharmaceuticals, Inc.
|
| Issue: | Common stock
|
| Amount: | $46,064,000 (including greenshoe exercise for $1,064,000)
|
| Shares: | 5,758,000
|
| Price: | $8.00
|
| Warrants: | No
|
| Bookrunners: | Stifel, Nicolaus & Co. and JMP Securities LLC
|
| Lead manager: | Oppenheimer & Co.
|
| Co-manager: | Janney Montgomery Scott
|
| Announcement date: | May 12
|
| Pricing date: | July 31
|
| Settlement date: | Sept. 2
|
| Stock exchange: | Nasdaq: MRNS
|
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