Cancer diagnostics and therapeutics company Microlin Bio sets terms for $25 million IPO

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Microlin Bio, a development stage diagnostics and therapeutics company focusing on microRNA and its role in oncology, announced terms for its IPO on Friday. The New York, NY-based company plans to raise $25 million by offering 3.6 million shares at a price range of $6 to $8. At the midpoint of the proposed range, Microlin Bio would command a fully diluted market value of $54 million. Microlin Bio, which was founded in 2013, plans to list on the NASDAQ under the symbol MCLB. Sunrise Securities Corp. is the sole bookrunner on the deal.



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This article appears in: News Headlines , IPOs

Referenced Stocks: MCLB

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