Vital to price IPO of 4.5 million shares between $13.00 and $15.00

BofA, Credit Suisse are bookrunners; William Blair, Canaccord assist

By Devika Patel

Knoxville, Tenn., April 7 - Vital Therapies, Inc. will sell 4.5 million common shares in its initial public offering with a greenshoe of 675,000 additional shares, according to a Form S-1/A filed Monday with the Securities and Exchange Commission. The deal was announced on Oct. 11.

The shares will be sold at a price expected to fall between $13.00 and $15.00 per share.

BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are the joint bookrunning managers. William Blair & Co. LLC and Canaccord Genuity Inc. are the co-managers.

Proceeds will be used for the development and possible approval of ELAD, the phase 3 clinical development of ELAD, working capital and other general corporate purposes.

The biotherapeutic company is based in San Diego. It intends to list its common stock on the Nasdaq under the symbol "VTL."

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