Credit Suisse, Cowen, Wells Fargo, Wedbush Securities assist with deal
By Devika Patel
Knoxville, Tenn., Oct. 29 – MyoKardia, Inc. said it priced its $54.38 million initial public offering of stock with an $8.16 million greenshoe on Wednesday. The deal was announced Sept. 28.
The company will sell 5,437,500 common shares at $10.00 apiece.
Credit Suisse Securities (USA) LLC and Cowen and Co. are the lead bookrunners and Wells Fargo Securities LLC is also a bookrunner.
Settlement is expected Nov. 3.
Proceeds will be used for clinical development, preclinical, discovery and research programs, research and development activities, working capital and other general corporate purposes.
The South San Francisco, Calif., biopharmaceutical company seeks to treat serious and neglected rare cardiovascular diseases. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “MYOK.”
| Issuer: | MyoKardia, Inc.
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| Issue: | Common stock
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| Amount: | $54,375,000
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| Greenshoe: | $8,156,250, or 815,625 shares
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| Shares: | 5,437,500
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| Price: | $10.00
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| Warrants: | No
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| Bookrunners: | Credit Suisse Securities (USA) LLC and Cowen and Co. (leads), Wells Fargo Securities LLC
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| Co-manager: | Wedbush PacGrow
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| Announcement date: | Sept. 28
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| Pricing date: | Oct. 28
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| Settlement date: | Nov. 3
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| Stock symbol: | Nasdaq: MYOK
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