Posted On: 06/01/2015 7:37:46 PM
Post# of 223
BioPharmX sets terms for $17 million public offering
By Renaissance Capital, June 01, 2015, 04:02:24 PM EDT
BioPharmX, which is developing therapies for fibrocystic breasts and acne, announced terms for its public offering on Monday.
The Menlo Park, CA-based company plans to raise $17 million by offering 5 million shares at $3.45, its current price on the OTCQB exchange. The company trades under the symbol BPMX with low liquidity. At $3.45, BioPharmX would command a fully diluted market value of $84 million and an enterprise value of $65 million.
BioPharmX, which was founded in 2010, plans to list on the NYSE/Amex under the symbol BPMX. CRT Capital Group is the sole bookrunner on the deal. Timing was not disclosed.
By Renaissance Capital, June 01, 2015, 04:02:24 PM EDT
BioPharmX, which is developing therapies for fibrocystic breasts and acne, announced terms for its public offering on Monday.
The Menlo Park, CA-based company plans to raise $17 million by offering 5 million shares at $3.45, its current price on the OTCQB exchange. The company trades under the symbol BPMX with low liquidity. At $3.45, BioPharmX would command a fully diluted market value of $84 million and an enterprise value of $65 million.
BioPharmX, which was founded in 2010, plans to list on the NYSE/Amex under the symbol BPMX. CRT Capital Group is the sole bookrunner on the deal. Timing was not disclosed.
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