Ascendis Pharma Plans Major Public Offering of ADSs

Ascendis Pharma A/S Initiates Major Offering of ADSs

In an important financial move, Ascendis Pharma A/S (NASDAQ: ASND) has started an underwritten public offering aimed at raising $300 million through American Depositary Shares (ADSs). Each ADS corresponds to one ordinary share of the company, signifying a significant step forward in their financing strategy. This offering is entirely conducted by Ascendis itself, displaying the company's confidence in its future endeavors.

Underwriters and Market Conditions

The financial heavyweights J.P. Morgan, Morgan Stanley, Evercore ISI, and Goldman Sachs & Co. LLC are leading this offering as joint book-running managers. They are expected to provide insights and support based on their expertise in managing such transactions, which can be pivotal in executing the public offering successfully.

Potential for Additional Shares

In a noteworthy aspect of the offering, Ascendis also plans to give underwriters a 30-day option to buy up to an additional $45 million worth of ADSs at the pricing established in this offering. This flexibility may enhance the offering's success by allowing underwriters to respond to market demand effectively.

SEC Registration and Offering Details

A shelf registration statement for these securities was filed with the U.S. Securities and Exchange Commission (SEC) and took effect immediately upon filing. It indicates that the offering will proceed with the necessary legal overview to ensure compliance and transparency for potential investors.

Obtaining Prospectus Information

Investors interested in the details of this offering can expect to find a preliminary prospectus supplement available soon. It will contain all requisite information and terms specific to this public offering. Interested parties can reach out to the underwriters directly to obtain further details.

About Ascendis Pharma A/S

Ascendis Pharma is at the forefront of biotechnology, utilizing its proprietary TransCon technology platform to drive innovations in treatments. The company aims to enact a positive impact on patient care by developing transformative therapies. With its headquarters in Copenhagen, Denmark, Ascendis has expanded its presence with facilities across Europe and the United States, reflecting its growing influence in the biopharma industry.

Core Values and Mission

Guided by its core principles of Patients, Science, and Passion, Ascendis Pharma is dedicated to addressing unmet medical needs. Their commitment ensures that each therapeutic candidate is designed with the patient in mind, striving to improve quality of life through effective treatments.

Investor and Media Contacts

For those seeking more information about what this public offering entails or Ascendis Pharma’s future plans, key contacts within the company are available. Tim Lee represents investor relations, while Melinda Baker manages media inquiries. Those interested can reach out directly via the provided emails for specific questions or clarifications.

Staying Informed

As Ascendis Pharma moves forward with this public offering, stakeholders and potential investors are encouraged to monitor updates closely. The company's strategic decisions and future actions could have essential implications for its trajectory within the biopharmaceutical landscape.

Frequently Asked Questions

What is the purpose of the public offering by Ascendis Pharma?

The public offering aims to raise funds to support Ascendis Pharma's innovative research and development in biopharmaceuticals.

How much is Ascendis Pharma expecting to raise from the offering?

Ascendis Pharma is targeting a total of $300 million from the public offering, with an additional potential option of $45 million.

Who are the underwriters for this offering?

The underwriters include financial firms J.P. Morgan, Morgan Stanley, Evercore ISI, and Goldman Sachs & Co. LLC.

How can investors obtain more information about the offering?

Investors can contact the underwriters directly to get a preliminary prospectus and any additional information they may need.

What technology is Ascendis Pharma using in its development?

Ascendis Pharma employs its proprietary TransCon technology platform to develop new therapies aimed at meeting patient needs.

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