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Versartis to conduct $75 million public offering of its common shares
Deal offers stock through bookrunners Citigroup, Credit Suisse, Cowen
By Devika Patel
Knoxville, Tenn., Jan. 20 ‑ Versartis, Inc. plans to raise $75 million in a public offering of common stock with an $11.25 million greenshoe, according to a Form S-1/A filed Tuesday with the Securities and Exchange Commission.
Citigroup, Credit Suisse and Cowen and Co. are the joint bookrunning managers. Canaccord Genuity and SunTrust Robinson Humphrey are the co-managers.
Proceeds will be used for clinical development, working capital, capital expenditures and other general corporate purposes, including acquisitions.
The endocrine-focused biopharmaceutical company is based in Redwood City, Calif.
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