Avalanche Biotechnologies prices upsized IPO at $17, the high end of the upwardly revised range

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Avalanche Biotechnologies, an early-stage biotech developing a gene therapy for wet AMD, raised $102 million by offering 6.0 million shares at $17, the high end of its upwardly revised $16 to $17 range. The company originally filed to offer 5.4 million shares at $13 to $15 before increasing its range in an amendment filed on Wednesday. Avalanche Biotechnologies will list on the NASDAQ under the symbol AAVL. Jefferies, Cowen & Company and Piper Jaffray acted as joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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