Offering sells 4.5 million common shares with $8.1 million greenshoe
By Devika Patel
Knoxville, Tenn., April 16 - Vital Therapies, Inc. priced its $54 million initial public offering of stock with an $8.1 million greenshoe, according to a free-writing prospectus filed Wednesday with the Securities and Exchange Commission.
The company will sell 4.5 million common shares at $12.00 apiece.
Proceeds will be used for clinical trials and operations.
The biotherapeutic company is based in San Diego It expects the shares to trade on the Nasdaq under the symbol "VTL."
| Issuer: | Vital Therapies, Inc.
|
| Issue: | Common stock
|
| Amount: | $54 million
|
| Greenshoe: | $8.1 million
|
| Shares: | 4.5 million
|
| Price: | $12.00
|
| Warrants: | No
|
| Pricing date: | April 16
|
| Stock exchange: | Nasdaq: VTLc
|
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