Ladenburg Thalmann is bookrunner, Cantor Fitzgerald is lead manager
By Devika Patel
Knoxville, Tenn., Nov. 19 – Axsome Therapeutics, Inc. said it priced its $51 million initial public offering of stock with a $7.65 million greenshoe.
The company will sell 5,666,667 common shares at $9.00 apiece.
Ladenburg Thalmann & Co. Inc. is the bookrunning manager.
Settlement is expected Nov. 24.
The biopharmaceutical company is based in New York. The company expects its shares will trade on the Nasdaq under the symbol “AXSM.”
Issuer: | Axsome Therapeutics, Inc.
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Issue: | Common stock
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Amount: | $51 million
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Greenshoe: | $7.65 million, or 850,000 shares
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Shares: | 5,666,667
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Price: | $9.00
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Warrants: | No
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Bookrunner: | Ladenburg Thalmann & Co. Inc.
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Lead manager: | Cantor Fitzgerald & Co.
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Co-manager: | Brean Capital, LLC
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Pricing date: | Nov. 19
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Settlement date: | Nov. 24
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Expected listing: | Nasdaq: AXSM
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