Morgan Stanley and Piper Jaffray help sell 5,725,000 ordinary shares
By Devika Patel
Knoxville, Tenn., June 17 – Innocoll Holdings plc said on Thursday that it priced a $40.08 million public sale of stock with a $6.01 million greenshoe. The deal was announced Monday.
The company will sell 5,725,000 ordinary shares at $7.00 per share. The price per share is a 14.74% discount to the June 15 closing share price of $8.21.
Morgan Stanley is the lead bookrunning manager and Piper Jaffray & Co. is the joint bookrunning manager.
Settlement is expected June 22.
The specialty pharmaceutical and medical device company is based in Athlone, Ireland.
| Issuer: | Innocoll Holdings plc
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| Issue: | Ordinary stock
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| Amount: | $40,075,000
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| Greenshoe: | $6,011,250, or 858,750 shares
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| Shares: | 5,725,000
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| Price: | $7.00
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| Warrants: | No
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| Bookrunners: | Morgan Stanley (lead) and Piper Jaffray & Co.
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| Lead manager: | Stifel
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| Co-managers: | FBR and Janney Montgomery Scott
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| Announcement date: | June 13
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| Pricing date: | June 16
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| Settlement date: | June 22
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| Stock symbol: | Nasdaq INNL
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| Stock price: | $8.21 at close June 15
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| Market capitalization: | $154.27 million
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